Genie Energy (GNE) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Document Information [Line Items]
Entity Registrant Name	Genie Energy Ltd.
Entity Central Index Key	0001528356
Document Type	10-Q
Document Period End Date	Sep. 30, 2022
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Shell Company	false
Document Fiscal Period Focus	Q3
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Document Fiscal Year Focus	2022
Entity Emerging Growth Company	false
Entity File Number	1-35327
Entity Tax Identification Number	45-2069276
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Trading Symbol	GNE
Title of 12(b) Security	Class B common stock, par value $0.01 per share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	520 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	438-3500
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,574,326
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		24,313,113

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 81,705	$ 93,568
Restricted cash—short-term	5,555	6,657
Marketable equity securities	471	1,336
Trade accounts receivable, net of allowance for doubtful accounts of $4,448 and $6,139 at September 30, 2022 and December 31, 2021, respectively	43,524	41,309
Inventory	18,517	17,720
Prepaid expenses	7,806	4,164
Other current assets	8,156	2,354
Current assets of discontinued operations	48,863	33,237
Total current assets	214,597	200,345
Goodwill	9,998	9,998
Other intangibles, net	3,232	3,530
Deferred income tax assets, net	5,203	5,203
Other assets	12,975	9,217
Noncurrent assets of discontinued operations	13,851	1,172
Total assets	259,856	229,465
Current liabilities:
Trade accounts payable	18,783	14,541
Accrued expenses	41,803	38,005
Income taxes payable	17,521	9,512
Due to IDT Corporation, net	135	532
Other current liabilities	2,150	1,732
Current liabilities of discontinued operations	5,731	51,970
Total current liabilities	86,123	116,292
Other liabilities	2,159	1,946
Noncurrent liabilities of discontinued operations	9,502	438
Total liabilities	97,784	118,676
Commitments and contingencies
Genie Energy Ltd. stockholders’ equity:
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 1,970 and 2,322 shares issued and outstanding at September 30, 2022 and December 31, 2021	16,743	19,743
Additional paid-in capital	145,552	143,249
Treasury stock, at cost, consisting of 2,690 and 2,005 shares of Class B common stock at September 30, 2022 and December 31, 2021	(18,852)	(14,034)
Accumulated other comprehensive income	(3,075)	3,160
Retained earnings (accumulated deficit)	34,782	(29,115)
Total Genie Energy Ltd. stockholders’ equity	175,436	123,285
Noncontrolling interests	(13,364)	(12,496)
Total equity	162,072	110,789
Total liabilities and equity	259,856	229,465
Class A Common Stock
Genie Energy Ltd. stockholders’ equity:
Common stock value	16	16
Class B Common Stock
Genie Energy Ltd. stockholders’ equity:
Common stock value	$ 270	$ 266

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Allowance for doubtful accounts, trade accounts receivable (in dollars)	$ 4,448	$ 6,139
Preferred stock, par value (In dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Treasury stock, shares	2,690	2,005
Series 2012-A Preferred Stock
Designated shares	8,750	8,750
Preferred stock, shares issued	1,970	2,322
Preferred stock, shares outstanding	1,970	2,322
Class A Common Stock
Common stock, par value (In dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	35,000	35,000
Common stock, shares issued	1,574	1,574
Common stock, shares outstanding	1,574	1,574
Class B Common Stock
Common stock, par value (In dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	27,003	26,620
Common stock, shares outstanding	24,313	24,615

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Total revenues		$ 81,285	$ 87,655	$ 234,150	$ 254,060
Cost of revenues		38,142	53,049	114,082	186,152
Gross profit		43,143	34,606	120,068	67,908
Operating expenses and losses:
Selling, general and administrative (i)	[1]	19,605	17,143	57,796	49,628
Income from operations		23,538	17,463	62,272	18,280
Interest income		194	8	259	28
Interest expense		(33)	(99)	(135)	(311)
Unrealized (loss) gain on marketable equity securities and investments		57	(5,312)	(742)	1,710
Gain on sale of subsidiary					4,226
Other (loss) income, net		156	35	(712)	482
Income before income taxes		23,912	12,095	60,942	24,415
Provision for income taxes		(6,482)	(3,498)	(16,791)	(7,149)
Net income from continuing operations		17,430	8,597	44,151	17,266
Net income from discontinued operations, net of taxes		(1,459)	(10,914)	25,929	(16,991)
Net income (loss)		15,971	(2,317)	70,080	275
Net (loss) income attributable to noncontrolling interests		(2,797)	(31)	(1,056)	(821)
Net income attributable to Genie Energy Ltd.		18,768	(2,286)	71,136	1,096
Dividends on preferred stock		(454)	(370)	(1,448)	(1,111)
Net income (loss) attributable to Genie Energy Ltd. common stockholders		18,314	(2,656)	69,688	(15)
Amounts attributable to Genie Energy Ltd. common stockholders
Income from continuing operations		22,259	8,643	48,368	17,303
(Loss) income from discontinued operations		(3,945)	(11,299)	21,320	(17,318)
Net income (loss) attributable to Genie Energy Ltd. common stockholders		$ 18,314	$ (2,656)	$ 69,688	$ (15)
Basic:
Income from continuing operations		$ 0.88	$ 0.34	$ 1.89	$ 0.67
(Loss) income from discontinued operations		(0.15)	(0.44)	0.83	(0.67)
Net income (loss) attributable to Genie Energy Ltd. common stockholders		0.73	(0.1)	2.72	0
Diluted
Income from continuing operations		0.85	0.34	1.84	0.67
(Loss) income from discontinued operations		(0.15)	(0.44)	0.81	(0.67)
Net income (loss) attributable to Genie Energy Ltd. common stockholders		$ 0.7	$ (0.1)	$ 2.65	$ 0
Weighted-average number of shares used in calculation of earnings per share:
Basic		25,233	25,514	25,623	25,867
Diluted		26,205	25,514	26,261	25,867
Dividends declared per common share		$ 0.075	$ 0.225
Electricity
Revenues:
Total revenues		$ 73,764	$ 82,801	$ 186,207	$ 222,005
Natural gas
Revenues:
Total revenues		6,153	3,516	40,754	25,878
Other
Revenues:
Total revenues		$ 1,368	$ 1,338	$ 7,189	$ 6,177
[1]Stock-based compensation included in selling, general and administrative expenses

Consolidated Statements of Op_2

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock-based compensation included in selling, general and administrative expenses	$ 713	$ 504	$ 2,232	$ 1,597

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 15,971	$ (2,317)	$ 70,080	$ 275
Other comprehensive loss:
Foreign currency translation adjustments	(4,210)	(133)	(6,047)	(370)
Comprehensive income	11,761	(2,450)	64,033	(95)
Comprehensive gain attributable to noncontrolling interests	2,809	(20)	868	540
Comprehensive income attributable to Genie Energy Ltd.	$ 14,570	$ (2,470)	$ 64,901	$ 445

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income	Accumulated Deficit	Noncontrolling Interests
Beginning Balance at Dec. 31, 2020	$ 86,079	$ 19,743	$ 16	$ 260	$ 140,746	$ (9,839)	$ 3,827	$ (56,658)	$ (12,016)
Beginning Balance, shares at Dec. 31, 2020		2,322,000	1,574,000	25,811,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(370)							(370)
Stock Based Compensation	589			$ 1	588
Stock-based compensation, shares				121,000
Issuance of Class B common stock to Howard Jonas	162				162
Issuance of Class B common stock to Howard Jonas (in shares)				20,000
Other comprehensive income (loss)	(342)						(572)		230
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(2,694)							(1,986)	(708)
Ending Balance at Mar. 31, 2021	83,424	$ 19,743	$ 16	$ 261	141,496	(9,839)	3,255	(59,014)	(12,494)
Ending Balance, shares at Mar. 31, 2021		2,322,000	1,574,000	25,952,000
Beginning Balance at Dec. 31, 2020	86,079	$ 19,743	$ 16	$ 260	140,746	(9,839)	3,827	(56,658)	(12,016)
Beginning Balance, shares at Dec. 31, 2020		2,322,000	1,574,000	25,811,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	275
Ending Balance at Sep. 30, 2021	82,563	$ 19,743	$ 16	$ 266	141,787	(13,922)	2,994	(56,673)	(11,648)
Ending Balance, shares at Sep. 30, 2021		2,322,000	1,574,000	26,428,000
Beginning Balance at Mar. 31, 2021	83,424	$ 19,743	$ 16	$ 261	141,496	(9,839)	3,255	(59,014)	(12,494)
Beginning Balance, shares at Mar. 31, 2021		2,322,000	1,574,000	25,952,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(370)							(370)
Stock Based Compensation	$ 560				560
Stock-based compensation, shares
Repurchase of Class B common stock from stock repurchase program	$ (2,435)					(2,435)
Sale of subsidiary	(69)						(182)		113
Other comprehensive income (loss)	105						105
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	5,285							5,367	(82)
Ending Balance at Jun. 30, 2021	86,500	$ 19,743	$ 16	$ 261	142,056	(12,274)	3,178	(54,017)	(12,463)
Ending Balance, shares at Jun. 30, 2021		2,322,000	1,574,000	25,952
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(370)							(370)
Stock Based Compensation	531			$ 3	528
Stock-based compensation, shares				248,000
Restricted Class B common stock purchased from employees	(236)					(236)
Acquisition of noncontrolling interest of subsidiary				$ 2	(797)				795
Acquisition of noncontrolling interest of subsidiary, Shares				228,000
Repurchase of Class B common stock from stock repurchase program	(1,412)					(1,412)
Other comprehensive income (loss)	(133)						(184)		51
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(2,317)							(2,286)	(31)
Ending Balance at Sep. 30, 2021	82,563	$ 19,743	$ 16	$ 266	141,787	(13,922)	2,994	(56,673)	(11,648)
Ending Balance, shares at Sep. 30, 2021		2,322,000	1,574,000	26,428,000
Beginning Balance at Dec. 31, 2021	110,789	$ 19,743	$ 16	$ 266	143,249	(14,034)	3,160	(29,115)	(12,496)
Beginning Balance, shares at Dec. 31, 2021		2,322,000	1,574,000	26,633,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(370)							(370)
Dividends on common stock	(1,934)							(1,934)
Stock Based Compensation	840				840
Stock-based compensation, shares				9,000
Restricted Class B common stock purchased from employees	(71)					(71)
Other comprehensive income (loss)	302						339		(37)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	16,736							17,889	(1,153)
Ending Balance at Mar. 31, 2022	126,292	$ 19,743	$ 16	$ 266	144,089	(14,105)	3,499	(13,530)	(13,686)
Ending Balance, shares at Mar. 31, 2022		2,322,000	1,574,000	26,642,000
Beginning Balance at Dec. 31, 2021	110,789	$ 19,743	$ 16	$ 266	143,249	(14,034)	3,160	(29,115)	(12,496)
Beginning Balance, shares at Dec. 31, 2021		2,322,000	1,574,000	26,633,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	70,080
Ending Balance at Sep. 30, 2022	162,072	$ 16,743	$ 16	$ 270	145,552	(18,852)	(3,075)	34,782	(13,364)
Ending Balance, shares at Sep. 30, 2022		1,970,000	1,574,000	27,005,000
Beginning Balance at Mar. 31, 2022	126,292	$ 19,743	$ 16	$ 266	144,089	(14,105)	3,499	(13,530)	(13,686)
Beginning Balance, shares at Mar. 31, 2022		2,322,000	1,574,000	26,642,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(624)							(624)
Dividends on common stock	(1,964)							(1,964)
Stock Based Compensation	730				730
Stock-based compensation, shares
Restricted Class B common stock purchased from employees	(4,414)					(4,414)
Exercise of Class B common stock warrants				$ 1	(1)
Exercise of Class B common stock warrants, Shares				73,000
Redemption of preferred stock	(2,000)	$ (2,000)
Redemption of preferred stock, shares		(235,000)
Other comprehensive income (loss)	(2,139)						(2,376)		237
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	37,373							34,479	2,894
Ending Balance at Jun. 30, 2022	153,254	$ 17,743	$ 16	$ 267	144,818	(18,519)	1,123	18,361	(10,555)
Ending Balance, shares at Jun. 30, 2022		2,087,000	1,574,000	26,715,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(454)							(454)
Dividends on common stock	(1,893)							(1,893)
Stock Based Compensation	737			$ 3	734
Stock-based compensation, shares				290
Restricted Class B common stock purchased from employees	(333)
Redemption of preferred stock	(1,000)	$ (1,000)
Redemption of preferred stock, shares		(117)
Other comprehensive income (loss)	(4,210)						(4,198)		(12)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	15,971							18,768	(2,797)
Ending Balance at Sep. 30, 2022	$ 162,072	$ 16,743	$ 16	$ 270	$ 145,552	$ (18,852)	$ (3,075)	$ 34,782	$ (13,364)
Ending Balance, shares at Sep. 30, 2022		1,970,000	1,574,000	27,005,000

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends on preferred stock	$ 0.1594	$ 0.1594	$ 0.1594	$ 0.1594	$ 0.1594	$ 0.1594
Dividends on common stock	$ 0.075	$ 0.075	$ 0.075

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net income	$ 70,080	$ 275
Net income (loss) from discontinued operations, net of tax	25,929	(16,991)
Net income from continuing operations	44,151	17,266
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	288	343
Deferred income taxes		2,880
Provision for doubtful accounts receivable	2,116	1,372
Unrealized loss (gain) marketable equity securities and investment	742	(1,710)
Stock-based compensation	2,232	1,597
Equity in the net loss (income) in equity method investees	91	(215)
Gain on sale of subsidiary		(4,226)
Change in assets and liabilities:
Trade accounts receivable	(4,331)	(12,427)
Inventory	(797)	(6,718)
Prepaid expenses	(3,641)	(1,713)
Other current assets and other assets	(6,084)	(8,829)
Trade accounts payable, accrued expenses and other current liabilities	2,570	7,337
Due to IDT Corporation	(398)	(148)
Income taxes payable	8,009	4,263
Net cash provided by (used in) operating activities of continuing operations	44,948	(928)
Net cash used in discontinued operations	8,150	1,014
Net cash provided by operating activities	53,098	86
Investing activities
Capital expenditures	(1,058)	(158)
Proceeds from the sale of subsidiary, net of cash disposed		4,550
Investment in notes receivables with related party	(1,505)
Purchase of marketable equity securities and other investment	(1,300)	(1,750)
Repayment of notes receivable	19	14
Net cash (used in) provided by investing activities of continuing operations	(3,844)	2,656
Net cash used in investing activities of discontinued operations	(43,941)
Net cash used in investing activities of discontinued operations	(47,785)	2,656
Financing activities
Dividends paid to Class A and Class B common stock stockholders	(1,104)
Dividends paid to preferred stock stockholders	(5,790)	(1,111)
Repurchases of Class B common stock from employees	(409)	(236)
Repurchases of Class B common stock	(4,414)	(3,847)
Redemption of preferred stock	(3,000)
Net cash used in by financing activities	(14,717)	(5,194)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(15)	(221)
Net decrease in cash, cash equivalents, and restricted cash	(9,419)	(2,673)
Cash, cash equivalents, and restricted cash (including discontinued operations) at beginning of period	102,149	43,184
Cash, cash equivalents and restricted cash (including discontinued operations) at end of the period	92,730	40,511
Less: Cash of discontinued operations at end of period	5,470	3,910
Cash, cash equivalents, and restricted cash (excluding discontinued operations) at end of period	$ 87,260	$ 36,601

Basis of Presentation and Busin

Basis of Presentation and Business Changes and Development	9 Months Ended
	Sep. 30, 2022
Basis of Presentation and Business Changes and Development [Abstract]
Basis of Presentation and Business Changes and Development	Note 1—Basis of Presentation and Business Changes and Development The accompanying unaudited consolidated financial statements of Genie Energy Ltd. and its subsidiaries (the “Company” or “Genie”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. The Company owns 99.5% of Genie Energy International Corporation (“GEIC”), which owns 100% of Genie Retail Energy (“GRE”), 100% of Genie Retail Energy International ("GRE International") and 95.5% of Genie Renewables. GRE owns and operates retail energy providers (“REPs”), including IDT Energy (“IDT Energy”), Residents Energy (“Residents Energy”), Town Square Energy and Town Square Energy East (collectively, "TSE"), Southern Federal Power ("Southern Federal") and Mirabito Natural Gas (“Mirabito”). GRE's REP businesses resell electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States and Texas. Genie Renewables consists of Genie Solar Energy ("Genie Solar"), a solar energy operation and general contracting company, a 93.5% interest in Solar, a marketer of community solar energy solutions, , an energy broker for commercial customers, and a 60.0% interest in Prism Solar Technology ("Prism"), a solar solutions company that is engaged in the manufacturing of solar panels, solar installation design and solar energy project management. Discontinued Operations in Finland and Sweden As a result of recent volatility in the energy market in Europe, in the third quarter of 2022, (" Finland") and Lumo Energi AB ("Lumo Sweden") the Company entered into a series of transactions to sell most of the electricity swap instruments held by Lumo Sweden. The Company also entered into a series of transactions to transfer the customers of Lumo Finland and Lumo Sweden to other suppliers. The Company determined that the discontinued operations in Finland and Sweden represented a strategic shift that will have a major effect on the Company's operations and financial statements. The Company has accounted for these businesses as discontinued operations and accordingly, has presented the results of operations and related cash flows as discontinued operations. The results of operations and related cash flows are presented as discontinued operations for all periods presented. Any remaining assets and liabilities of the discontinued operations have been presented separately, and are reflected within assets and liabilities from discontinued operations in the accompanying consolidated balance sheets as of September 30, 2022 and December 31, 2021. Lumo Finland and Lumo Sweden will continue to liquidate their remaining receivables and settle any remaining liabilities. Following the discontinuance of operations of Lumo Finland and Lumo Sweden, GRE International ceased to be a segment and the remaining assets and liabilities and results of continuing operations of GRE International were combined with corporate. Discontinued Operations in United Kingdom In the third quarter of 2021, the natural gas and energy market in the United Kingdom deteriorated which prompted the Company to start the process of orderly withdrawal from the United Kingdom market. In October 2021, as part of the orderly exit process from the United Kingdom market, Orbit and Shell U.K. Limited ("Shell") agreed to terminate the exclusive supply contract between them. As part of the termination agreement, Orbit was required to unwind all physical forward hedges with Shell which resulted in net cash proceeds after settlement of all related liabilities with Shell. Following the termination of the contract with Shell, Orbit filed a petition with the High Court of Justice Business and Property of England and Wales (the “Court”) to declare Orbit insolvent based on the Insolvency Act of 1986. On November 29, 2021, the Court declared Orbit insolvent, revoked Orbit's license to supply electricity and natural gas in the United Kingdom, ordered the current customers to be transferred to “supplier of last resort” and transferred the administration of Orbit to Administrators effective December 1, 2021. All of the customers of Orbit were transferred to a third-party supplier effective December 1, 2021 as ordered by the Court. All assets and liabilities of Orbit, including cash and receivables remain with Orbit, in which Genie retains 100% interest, however, the management and control of Orbit was transferred to the Administrators. Energy Price Volatility in Texas and Japan In January 2021, weather volatility and the lack of adequate gas reserves significantly increased the price of energy at Japan Electric Power Exchange ("JEPX") for an extended period of time. The spike in demand associated with this situation, exposed Genie Japan to unexpected cost increases. Genie Japan incurred approximately million in additional costs related to the price increases, which were included in the cost of revenue in the nine months ended September 30, 2021. In February of 2021, the State of Texas experienced unprecedented cold weather and snow, with was named Winter Storm Uri. With the grid overtaxed due to demand and weather-related reduced supply and rolling blackouts being enforced, by order of the Electricity Reliability Council of Texas ("ERCOT"), real-time commodity prices during the crisis escalated significantly. Although GRE's commitment for their customers in Texas was hedged for foreseen winter weather conditions, the market conditions exposed the Company to significant unexpected cost increases. GRE recognized approximately $1.0 million and $13.0 million in additional costs of revenue for the three and nine months ended September 30, 2021, respectively. In June 2021, the state legislature of the State of Texas passed House Bill 4492 (“HB 4492”) which includes certain provisions for financing certain costs associated with electric markets caused by Winter Storm Uri. Pursuant to HB 4492, two categories of charges associated with Winter Storm Uri are to be securitized and the proceeds of the securitization will be provided to the load serving entities who originally incurred the charges. Under HB 4492, the Company is entitled to recover a portion of the costs incurred from the effect of Winter Storm Uri with a calculated range of $1.5 million to $2.6 million. In the second quarter of 2021, the Company recorded a reduction in cost of revenues of $1.5 million. In September 2021 June 2022 , the Company received a $ million refund related to the cost of Winter Storm Uri. Seasonality and Weather The weather and the seasons, among other things, affect GRE’s revenues. Weather conditions have a significant impact on the demand for natural gas used for heating and electricity used for heating and cooling. Typically, colder winters increase demand for natural gas and electricity, and hotter summers increase demand for electricity. Milder winters or summers have the opposite effect. Unseasonable temperatures in other periods may also impact demand levels. Natural gas revenues typically increase in the first quarter due to increased heating demands and electricity revenues typically increase in the third quarter due to increased air conditioning use. Approximately 44.5% and 47.7% of GRE’s natural gas revenues for the relevant years were generated in the first quarters of 2022 and 2021, respectively, when demand for heating was highest. Although the demand for electricity is not as seasonal as natural gas (due, in part, to usage of electricity for both heating and cooling), approximately 30.3% and 31.8% of GRE’s electricity revenues for the relevant years were generated in the third quarters of 2022 and 2021, respectively. GRE’s REPs’ revenues and operating income are subject to material seasonal variations, and the interim financial results are not necessarily indicative of the estimated financial results for the full year.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	9 Months Ended
	Sep. 30, 2022
Cash, Cash Equivalents, and Restricted Cash [Abstract]
Cash, Cash Equivalents, and Restricted Cash	Note 2—Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet and the corresponding amounts reported in the consolidated statements of cash flows: September 30, 2022 December 31, 2021 (in thousands) Cash and cash equivalents $ 81,705 $ 93,568 Restricted cash—short-term 5,555 6,657 Total cash, cash equivalents, and restricted cash $ 87,260 $ 100,225 Restricted cash—short-term includes amounts set aside in accordance with the Amended and Restated Preferred Supplier Agreement with BP Energy Company (“BP”) (see Note Note 19 Included in the cash and cash equivalents as of December 31, 2021 is cash received from Orbit Energy (see Note 5).

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventories [Abstract]
Inventories	Note 3—I nventories Inventories consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Natural gas $ 4,298 $ 1,891 Renewable credits 11,737 15,610 Solar Panels: Finished goods 2,482 219 Totals $ 18,517 $ 17,720

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2022
Revenue Recognition [Abstract]
Revenue Recognition	Note 4 Revenue from the single performance obligation to deliver a unit of electricity and/or natural gas is recognized as the customer simultaneously receives and consumes the benefit. GRE and Genie Japan (prior to its sale in May 2021) record unbilled revenues for the estimated amount customers will be billed for services rendered from the time meters were last read to the end of the respective accounting period. The unbilled revenue is estimated each month based on available per day usage data, the number of unbilled days in the period and historical trends. Incumbent utility companies in most of the service territories in which GRE's REPs operate offer purchase of receivable, or POR programs, and participate in POR programs for a majority of their receivables. The Company estimates variable consideration related to its rebate programs using the expected value method and a portfolio approach. The Company’s estimates related to rebate programs are based on the terms of the rebate program, the customer’s historical electricity and natural gas consumption, the customer’s rate plan, and a churn factor. Taxes that are imposed on the Company’s sales and collected from customers are excluded from the transaction price. Revenue from sales of solar panels are recognized at a point in time following the transfer of control of the solar panels to the customer, which typically occurs upon shipment or delivery depending on the terms of the underlying contracts. For sales contracts that contain multiple performance obligations, such as the shipment or delivery of solar modules, the Company allocates the transaction price to each performance obligation identified in the contract based on relative standalone selling prices, or estimates of such prices, and recognize the related revenue as control of each individual product is transferred to the customer, in satisfaction of the corresponding performance obligations. Revenues from sale of solar panels are included in other revenues in the consolidated statements of operations. The Company recognizes the incremental costs of obtaining a contract with a customer as an asset if it expects the benefit of those costs to be longer than one year. The Company determined that certain sales commissions to acquire customers meet the requirements to be capitalized. For GRE, the Company applies a practical expedient to expense costs as incurred for sales commissions to acquire customers as the period would have been one year or less. Disaggregated Revenues The following table shows the Company’s revenues disaggregated by pricing plans offered to customers: Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2022 Fixed rate $ 25,374 $ 1,925 $ — $ 27,299 Variable rate 48,390 4,228 — 52,618 Other — — 1,368 1,368 Total $ 73,764 $ 6,153 $ 1,368 $ 81,285 Three Months Ended September 30, 2021 Fixed rate $ 42,142 $ 933 $ — $ 43,075 Variable rate 40,659 2,583 — 43,242 Other — — 1,338 1,338 Total $ 82,801 $ 3,516 $ 1,338 $ 87,655 Nine Months Ended September 30, 2022 Fixed rate $ 62,822 $ 8,020 $ — $ 70,842 Variable rate 123,385 32,734 — 156,119 Other — — 7,189 7,189 Total $ 186,207 $ 40,754 $ 7,189 $ 234,150 Nine Months Ended September 30, 2021 Fixed rate $ 108,919 $ 3,483 $ — $ 112,402 Variable rate 113,086 22,395 — 135,481 Other — — 6,177 6,177 Total $ 222,005 $ 25,878 $ 6,177 $ 254,060 The following table shows the Company’s revenues disaggregated by non-commercial and commercial channels: Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2022 Non-Commercial Channel $ 61,704 $ 2,723 $ — $ 64,427 Commercial Channel 12,060 3,430 — 15,490 Other — — 1,368 1,368 Total $ 73,764 $ 6,153 $ 1,368 $ 81,285 Three Months Ended September 30, 2021 Non-Commercial Channel $ 59,646 $ 1,855 $ — $ 61,501 Commercial Channel 23,155 1,661 — 24,816 Other — — 1,338 1,338 Total $ 82,801 $ 3,516 $ 1,338 $ 87,655 Nine Months Ended September 30, 2022 Non-Commercial Channel $ 156,425 $ 29,028 $ — $ 185,453 Commercial Channel 29,782 11,726 — 41,508 Other — — 7,189 7,189 Total $ 186,207 $ 40,754 $ 7,189 $ 234,150 Nine Months Ended September 30, 2021 Non-Commercial Channel $ 167,794 $ 20,830 $ — $ 188,624 Commercial Channel 54,211 5,048 — 59,259 Other — — 6,177 6,177 Total $ 222,005 $ 25,878 $ 6,177 $ 254,060

Discontinued Operations and Div

Discontinued Operations and Divestiture	9 Months Ended
	Sep. 30, 2022
Discontinued Operations and Divestiture [Abstract]
Discontinued Operations and Divestiture	Note 5—Discontinued Operations and Divestiture Lumo Fin la As a result of the continued volatility of the energy market in Europe, in July 2022, the Company initiated a plan to dispose of certain assets and liabilities of Lumo Finland and Lumo Sweden. From July 13, 2022 to July 19, 2022, the Company entered into a series of transactions to sell most of the electricity swap instruments held by Lumo Sweden for a gross aggregate amount of €41.1 million (equivalent to approximately $41.4 million at the dates of the transactions) before fees and other costs. The sale price is expected to be settled monthly based on the monthly commodity volume specified in the instruments from September 2022 to March 2025. The net book value of the instruments sold was €34.2 million (equivalent to $35.8 million). In July 2022, Lumo Sweden entered into a transaction to transfer, effective August 5, 2022, its customers to a third party for a nominal consideration. In Finland entered into a transaction to transfer its variable rate customers to a third party for € million (equivalent to $ million) and terminated the contracts of fixed rate customers. The Company determined that exiting operations in Lumo Finland and Lumo Sweden represented a strategic shift that will have a major effect on the Company's operations and financial statements and accordingly, the results of operations and related cash flows are presented as discontinued operations for all periods presented. The assets and liabilities of the discontinued operations have been presented separately, and are reflected within assets and liabilities from discontinued operations in the accompanying consolidated balance sheets as of September 30, 2022 and December 31, 2021. Lumo Finland and Lumo Sweden will continue to liquidate their remaining receivables and settle any remaining liabilities. The following table represents summarized balance sheet information of assets and liabilities of the discontinued operations of Lumo Finland and Lumo Sweden: September 30, 2022 December 31, 2021 (in thousands) Assets Cash $ 5,470 $ 1,924 Trade accounts receivable, net 878 11,048 Fair value of derivative contracts—current — 12,826 Receivables from the settlement of the derivative contract —current 29,063 4,655 Other current assets 277 2,784 Current assets of discontinued operations $ 35,688 $ 33,237 Receivables from the settlement of the derivative contract —noncurrent $ 13,496 $ — Other noncurrent assets 355 1,172 Noncurrent assets of discontinued operations $ 13,851 $ 1,172 Liabilities Accounts payable $ 2,424 $ 19,013 Accrued expenses 1,280 1,518 Income taxes payable 1,675 280 Other current liabilities 352 393 Current liabilities of discontinued operations $ 5,731 $ 21,204 Deferred tax liabilities $ 9,502 $ — Other noncurrent liabilities — 438 Noncurrent liabilities of discontinued operations $ 9,502 $ 438 The summary of the results of operations of the discontinued operations were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) Revenues $ 4,558 $ 7,474 $ 25,247 $ 24,937 Cost of revenues 7,042 670 (8,358 ) 17,573 Gross (loss) profit (2,484 ) 6,804 33,605 7,364 Selling, general and administrative expenses 3,275 987 5,190 3,292 (Loss) income from operations (5,759 ) 5,817 28,415 4,072 Gain from the settlement of assets 7,792 — 7,792 — Income before income taxes 2,033 5,817 36,207 4,072 Provision for income taxes (3,492 ) (295 ) (10,278 ) (323 ) Net (loss) income from discontinued operations, net of taxes $ (1,459 ) $ 5,522 $ 25,929 $ 3,749 Income before income taxes attributable to Genie Energy Ltd. $ 4,836 $ 5,352 $ 36,206 $ 3,572 The following table presents a summary of cash flows of the discontinued operations : Nine Months Ended September 30, 2022 Nine Months Ended September 30, 2021 (in thousands) Net income from discontinued operations, net of taxes $ 25,929 $ 3,749 Non-cash items 1,546 728 Changes in assets and liabilities (19,325 ) (5,233 ) Cash flows from (used in) operating activities of discontinued operations $ 8,150 $ (756 ) On November 3, 2022, the Company acquired additional minority interests in Lumo Finland and Lumo Sweden from an employee for 132,302 restricted Class B common stock of the Company, which will vest ratably from November 2022 to May 2025. The Company increased its interest in Lumo Finland from 91.6% to 96.6% and increased from 98.8% to 100% in Lumo Sweden. United Kingdom Operations On July 17, 2017 October 8, 2020 On October 8, 2020 the Company entered into an agreement (the “Purchase Agreement”) with EGC under which GEUK purchased EGC’s remaining interest in Shoreditch. In the third quarter of 2021, the natural gas and energy market in the U.K. deteriorated which prompted the Company to start the process of orderly withdrawal from the U.K. market. In October 2021, as part of the orderly exit process, Orbit and Shell U.K. Limited agreed to terminate the exclusive supply contract between them. As part of the termination agreement, Orbit was required to unwind all physical forward hedges with Shell which resulted in net cash proceeds after settlement of all related liabilities with Shell. Following the termination of the contract with Shell, Orbit filed a petition with the High Court of Justice Business and Property of England and Wales (the “Court”) to declare Orbit insolvent based on the Insolvency Act of 1986. On November 29, 2021, the Court declared Orbit insolvent, revoked Orbit's license to supply electricity and natural gas in the United Kingdom, ordered the current customers to be transferred to “supplier of last resort” and transfer the administration of Orbit to Administrators effective December 1, 2021. All of the customers of Orbit were transferred to a third-party supplier effective December 1, 2021 as ordered by the Court. All assets and liabilities of the Orbit, including cash and receivables remain with Orbit and the management and control of which was transferred to Administrators. The Company expects that the administration of Orbit will be completed in 2022 . In the fourth quarter of 2021, Orbit transferred to GEIC a net amount of $49.7 million from the proceeds of the settlement of the contract with Shell which is included in cash and cash equivalents in the consolidated balance sheet as of December 31, 2021. In January 2022, the Company transferred $21.5 million to the Administrators of Orbit Energy to fund the settlement of the expected remaining liabilities of Orbit of $30.8 million, which were included in the current liabilities of discontinued operations in the consolidated balance sheet as of December 31, 2021. In February 2022, the Company deposited $28.3 million into an attorney trust account to hold, preserve, and dispense funds to the extent needed in connection with the administration process. On February 24, 2022, the Administrators filed a petition under Chapter 15 of the U.S. Bankruptcy Code with the Bankruptcy Court of the Southern District of New York seeking (i) recognition of the U.K. administration proceeding as a foreign main proceeding and the U.K. Administrators as its foreign representatives, and (ii) entrusting distribution of the funds the Company deposited into its attorney’s trust fund to the U.K. Administrators. In the second quarter of 2022, the Administrators filed an application to transfer the funds back to the Administrators’ control in the U.K. Subject to certain representations and expectations regarding use and application of the funds to efficiently and expeditiously pay off creditors and bring a timely close to the insolvency administration, the Company decided not to oppose the application, and the $28.3 million was transferred to the account of the Administrator. In August 2022, the Administrator paid the Company a partial return of its interest in Orbit of £4.6 million (equivalent to $5.4 million). The Company believes that the funds remaining with the Administrators are more than sufficient to pay any remaining creditors of Orbit (with any surplus, which the Company expects to be significant, to be returned to the Company). The Company determined that exiting operations in the United Kingdom represented a strategic shift that will have a major effect on the Company's operations and financial statements and accordingly, the results of operations and related cash flows are presented as discontinued operations for all periods presented. December 31, 2021. As a result of loss of control, the Company deconsolidated Orbit effective December 1, 2021 nd estimated the remaining liability related to its ownership of Orbit. The summary of results of operations of the discontinued operations were as follows: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 (in thousands) Total revenues $ 18,036 $ 67,214 Cost of revenues 17,070 58,814 Gross profit 966 8,400 Selling, general and administrative expenses 10,724 22,447 Impairment of assets 6,650 6,650 Net loss before taxes (16,408 ) (20,697 ) Provision for income taxes 28 43 Loss from discontinued operations, net of taxes $ (16,436 ) $ (20,740 ) The carrying value of the Company's interest in Orbit was net investments of $ 13.2 30.8 The following table presents a summary of cash flows of the discontinued operations for the Nine Months Ended September 30, 2021: Net loss $ (20,740 ) Non-cash items 15,630 Changes in assets and liabilities 6,880 Cash flows from operating activities of discontinued operations $ 1,770 The assets and liabilities of Orbit were included in the GRE International segment. Divestiture of Genie Japan In March 2021, the Company initiated a plan to sell certain assets and liabilities of Genie Japan. In the first quarter of 2021, certain assets and liabilities of Genie Japan were reclassified as assets and liabilities held for sale and reported at lower of fair value less cost to sell and net book value. On April 26, 2021, the Company entered into an Equity Purchase Agreement ("Purchase Agreement") with Hanhwa Q Cells Japan Co., Ltd. ("Hanhwa"), pursuant to which, the Company agreed to sell its interest in Genie Japan for ¥570.0 million (equivalent to approximately $5.3 million at April 26, 2021) subject to certain terms and conditions set forth in the Purchase Agreement. On May 11, 2021, upon the terms and subject to the conditions of Purchase Agreement, the Company completed the divestiture of Genie Japan for an aggregate cash consideration of ¥570.0 million (equivalent to approximately $5.2 million at May 11, 2021). Hanhwa also assumed the outstanding balance of the loan payable of Genie Japan. The Company paid $0.6 million of commission to certain former employees of Genie Japan and recognized a pre-tax gain of $4.2 million from the divestiture. The carrying values of assets and liabilities divested at May 11, 2021 which were previously classified as held for sale included the following: (in thousands) Cash $ 83 Trade accounts receivable 1,737 Prepaid and other current assets 391 Intangible (license) 540 Other noncurrent assets 296 Accounts payables (611 ) Accrued expenses and other current liabilities (588 ) Loan payable (1,372 ) Cumulative translation adjustment (181 ) Noncontrolling interest 114 Net assets $ 409 The assets and liabilities of Genie Japan were included in GRE International segment.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 6 air Va The following table presents the balance of assets and liabilities measured at fair value on a recurring basis: Level 1 (1) Level 2 (2) Level 3 (3) Total (in thousands) September 30, 2022 Assets: Marketable equity securities $ 471 $ — $ — $ 471 Derivative contracts $ 7,607 $ — $ — $ 7,607 Liabilities: Derivative contracts $ 1,217 $ — $ — $ 1,217 December 31, 2021 Assets: Marketable equity securities $ 1,336 $ — $ — $ 1,336 Derivative contracts $ 1,579 $ 44 $ — $ 1,623 Liabilities: Derivative contracts $ 684 $ — $ — $ 684 (1) – quoted prices in active markets for identical assets or liabilities (2) – observable inputs other than quoted prices in active markets for identical assets and liabilities (3) – no observable pricing inputs in the market The Company’s derivative contracts consist of natural gas and electricity put and call options and swaps. The underlying asset in the Company’s put and call options is a forward contract. The Company’s swaps are agreements whereby a floating (or market or spot) price is exchanged for a fixed price over a specified period. The Company did not have any transfers of assets or liabilities between Level 1, Level 2 or Level 3 of the fair value measurement hierarchy during the nine months ended September 30, 2022 and 2021. Fair Value of Other Financial Instruments The estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting this data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange. Restricted cash—short-term, trade receivables, due to IDT Corporation, other current assets and other current liabilities. At September 30, 2022 and December 31, 2021, the carrying amounts of these assets and liabilities approximated fair value. The fair value estimate for restricted cash—short-term was classified as Level 1. The carrying value of other current assets, due to IDT Corporation, and other current liabilities approximated fair value Other assets. At September 30, 2022 and December 31, 2021, other assets included notes receivable. At September 30, 2022 The primary non-recurring fair value estimates typically are in the context of goodwill impairment testing, which involves Level 3 inputs, and asset impairments (Note 9) which utilize Level 3 inputs. Concentration of Credit Risks The Company holds cash, cash equivalents, and restricted cash at several major financial institutions, which may exceed Federal Deposit Insurance Corporation insured limits. Historically, the Company has not experienced any losses due to such concentration of credit risk. The Company’s temporary cash investments policy is to limit the dollar amount of investments with any one financial institution and monitor the credit ratings of those institutions. While the Company may be exposed to credit losses due to the nonperformance of the holders of its deposits, the Company does not expect the settlement of these transactions to have a material effect on its results of operations, cash flows or financial condition. The following table summarizes the percentage of consolidated trade receivable by customers that equal or exceed 10.0 receivables at September 30, 2022 December 31, 2021 10.0 September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Customer A 15.2 % 12.5 % Customer B 11.0 na na — 10.0 % of consolidated net trade receivables The following table summarizes the percentage of revenues by customers that equal or exceed 10.0 and nine months ended September 30, 2022 and 2021 (no other single customer accounted for 10.0 Three Months Ended September 30 Nine Months Ended September 30 2022 2021 2022 2021 Customer A 11.4 % na % 11.4 % na % Customer B 11.6 na na na Customer C na 15.8 na 12.5 na —

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2022
Derivative Instruments [Abstract]
Derivative Instruments	Note 7 —Derivative Instruments The primary risk managed by the Company using derivative instruments is commodity price risk, which is accounted for in accordance with Accounting Standards Codification 815 — Derivatives and Hedging. Natural gas and electricity put and call options and swaps are entered into as hedges against unfavorable fluctuations in market prices of natural gas and electricity. The Company does not apply hedge accounting to these options or swaps, therefore the changes in fair value are recorded in earnings. By using derivative instruments to mitigate exposures to changes in commodity prices, the Company exposes itself to credit risk and market risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes the Company, which creates credit risk. The Company minimizes the credit or repayment risk in derivative instruments The summarized volume of GRE’s outstanding contracts and options at September 30, 2022 was as follows (MWh – Megawatt hour and Dth – Decatherm): Settlement Dates Volume Electricity (in MWH) Gas (in Dth) Fourth quarter 2022 13,600 454,600 First quarter 2023 22,736 691,990 Second quarter 2023 26,496 175,250 Third quarter 2023 30,528 131,250 Fourth quarter 2023 29,232 602,200 First quarter 2024 1,360 841,300 Second quarter 2024 — 107,250 Third quarter of 2024 13,520 70,950 Fourth quarter of 2024 — 71,400 First quarter of 2025 — 299,750 Second quarter of 2025 — 269,100 Third quarter of 2025 — 236,250 Fourth quarter of 2025 — 230,000 First quarter of 2026 — — Second quarter of 2026 — — Third quarter of 2026 3,520 — The fair value of outstanding derivative instruments recorded in the accompanying consolidated balance sheets were as follows: Asset Derivatives Balance Sheet Location September 30, 2022 December 31, 2021 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current assets $ 5,700 $ 924 Energy contracts and options Other assets 1,907 699 Total derivatives not designated or not qualifying as hedging instruments — $ 7,607 $ 1,623 Liability Derivatives Balance Sheet Location September 30, 2022 December 31, 2021 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current liabilities $ 656 $ 520 Energy contracts and options Other liabilities 561 164 Total derivatives not designated or not qualifying as hedging instruments — Liabilities $ 1,217 $ 684 ( 1 The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 . The effects of derivative instruments on the consolidated statements of operations was as follows: Amount of Gain Recognized on Derivatives Derivatives not designated or not qualifying as Location of Gain Recognized Three Months Ended September 30, Nine Months Ended September 30, hedging instruments on Derivatives 2022 2021 2022 2021 (in thousands) (in thousands) Energy contracts and options Cost of revenues $ 35,011 $ 13,795 $ 102,060 $ 32,845

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2022
Other Current Assets [Abstract]
Other Assets	Note 8—Other Assets Other assets consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Security deposit $ 5,085 $ 4,867 Right-of-use assets, net of amortization 1,556 1,656 Fair value of derivative contracts — noncurrent 1,907 699 Notes receivables 1,505 115 Other assets 2,922 1,880 Total other assets $ 12,975 $ 9,217

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Note 9—Goodwill and Other Intangible Assets The table below reconciles the change in the carrying amount of goodwill for the period from January 1, 2022 to September 30, 2022: GRE Genie Renewables Total (in thousands) Balance at January 1, 2022 $ 9,998 $ — $ 9,998 Additions/deductions during the period — — — Balance at September 30, 2022 $ 9,998 $ — $ 9,998 The table below presents information on the Company’s other intangible assets: Weighted Average Amortization Period Gross Carrying Amount Accumulated Amortization Net Balance (in thousands) September 30, 2022 Patents and trademarks 18.1 years $ 3,510 $ (1,098 ) $ 2,412 Customer relationships 9.0 1,100 (621 ) 479 Licenses 10.0 479 (138 ) 341 Total $ 5,089 $ (1,857 ) $ 3,232 December 31, 2021 Trademark 18.1 years $ 3,510 $ (926 ) $ 2,584 Customer relationships 9.0 years 1,100 (530 ) 570 Licenses 10.0 years 479 (103 ) 376 Total $ 5,089 $ (1,559 ) $ 3,530 Amortization expense of intangible assets was $ 0.1 $ 0.3 million in the three nine months ended September 30, 2022 , respectively. Amortization expense of intangible assets was $0.9 million and $0.3 three nine months ended September 30, 2021 , $0.3 million

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2022
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	Note 10—Accrued Expenses Accrued expenses consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Renewable energy $ 24,345 $ 23,247 Liability to customers related to promotions and retention incentives 9,031 9,036 Payroll and employee benefit 5,430 3,297 Other accrued expenses 2,997 2,425 Total accrued expenses $ 41,803 $ 38,005

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Note 11—Leases The Company entered into operating lease agreements primarily for offices in domestic and foreign locations where it has operations with lease periods expiring between 2023 2030. The Company has no finance leases. The Company determine if a contract is a lease at inception. Right-of-Use ("ROU") assets are included under other assets in the consolidated balance sheet. The current portion of the operating lease liabilities are included in other current liabilities and the noncurrent portion is included in other liabilities in the consolidated balance sheet. ROU assets and operating lease liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value of the future lease payments is the incremental borrowing rate, because the interest rate implicit in most of our leases is not readily determinable. The incremental September 30, 2022 December 31, 2021 (in thousands) ROU Assets $ 1,556 $ 1,656 Current portion of operating lease liabilities 249 229 Noncurrent portion of operating lease liabilities 1,385 1,495 Total $ 1,634 $ 1,724 At September 30, 2022, the weighted average remaining lease term is 6.4 Supplemental cash flow information for ROU assets and operating lease liabilities are as follows: Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (in thousands) Operating cash flows from operating activities $ 380 $ 551 ROU assets obtained in the exchange for lease liabilities Operating leases $ — $ — Future lease payments under operating leases as of September 30, 2022 were as follows: (in thousands) Remainder of 2022 $ 160 2023 352 2024 319 2025 245 2026 239 Thereafter 832 Total future lease payments 2,147 Less imputed interest 513 Total operating lease liabilities $ 1,634 Rental expenses under operating leases were $0.1 million and $0.4 million in the three and nine months ended Rental expenses under operating leases were $ 0.1 million 0.6 three and six months ended

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Equity	Note 12—Equity Dividend Payments The following table summarizes the quarterly dividends paid by the Company during the nine months ended September 30, 2022 (in thousands, except per share amounts): Declaration Date Dividend Per Share Aggregate Dividend Amount Record Date Payment Date Series 2012-A Preferred Stock ("Preferred Stock") January 14, 2022 $ 0.1594 $ 370 February 7, 2022 February 15, 2022 April 14, 2022 0.1594 370 May 6, 2022 May 16, 2022 May 12, 2022 0.1296 31 May 12, 2022 June 13, 2022 July 14, 2022 $ 0.1594 $ 333 August 8, 2022 August 15, 2022 Class A Common Stock and Class B Common Stock February 7, 2022 $ 0.0750 $ 1,934 February 22, 2022 March 1, 2022 May 3, 2022 0.0750 1,964 May 20, 2022 May 31, 2022 August 3, 2022 0.0750 1,892 August 18, 2022 August 26, 2022 In March 2021, in light of the losses incurred from the effects of events in Texas and Japan discussed above, the Company suspended the payment of quarterly dividends on its common stock. In February 2022, the Company reinstated the quarterly dividends on our Class A and Class B common stock. On December 31, 2021, The Company accrued Additional Dividends of $0.0848 per share on its Preferred Stock, equal to $0.2 million in respect of the GRE results of operations through December 31, 2021, which the Company paid in May 2022. The Company accrued Additional Dividends in respect of the GRE results of operations through September 30, 2022 amounting to 0.1 and $0.3495 per share on its Preferred Stock, equal to $0.3 million for the nine months ended September 30, 2022 The Additional Dividends on Preferred Shares are expected to On October 13, 2022, the Company’s Board of Directors declared a quarterly Base Dividend of $0.1594 per share on the Preferred Stock for the quarter of . The dividend will be paid on or about to stockholders of record as of the close of business November 8, 2022 . On November 2, 2022, the Company’s Board of Directors declared a quarterly dividend of $0.0750 per share on its Class A common stock and Class B common stock for the third quarter of 2022. The dividend will be paid on or about November 21, 2022 to stockholders of record as of the close of business on November 14, 2022. The Delaware General Corporation Law allows companies to declare dividends out of “Surplus,” which is calculated by deducting the par value of the company’s stock from the difference between total assets and total liabilities. The Company has elected to record dividends declared against accumulated deficit. Stock Repurchases On March 11, 2013, the Board of Directors of the Company approved a program for the repurchase of up to an aggregate of 7.0 million shares of the Company’s Class B common stock. There were no purchases under this program in the three months ended September 30, 2022, In the nine months ended September 30, 2022 the Company acquired 639,393 shares of Class B common stock under the stock purchase program for an aggregate amount of $4.4 million. In the three months ended September 30, 2021, the Company acquired 230,000 shares Class B common stock under the stock purchase program for an aggregate amount of $1.4 million. In the nine months ended September 30, 2021 , the Company acquired 623,000 shares of Class B common stock under the stock purchase program for an aggregate amount of $ 3.8 million. As of September 30, 2022 and December 31, 2021, there were 2.7 million and 2.0 million outstanding shares of Class B common stock held in the Company's treasury, respectively, with a cost of $18.9 million and $ 14.1 On February 7, 2022, the Board of Directors of the Company authorized a program to redeem up to $1.0 million per quarter of the Company's Preferred Stock at the liquidation preference of $8.50 per share beginning in the second quarter of 2022. On May 3, 2022, the Board of Directors authorized to redeem $2.0 million of the Company's Preferred Stock during the second quarter of 2022. In the , the Company redeemed 117,647 1.0 In the nine months ended September 30, 2022 352,941 Preferred Stock under this program for an aggregate amount of $ 3.0 million. Warrants to Purchase Class B Common Stock On June 8, 2018, the Company sold to Howard S. Jonas, the Chairman of the Company’s Board of Directors and then the holder of the controlling portion of the Company's common stock, shares of the Company’s Class B common stock and warrants to purchase an additional 1,048,218 shares of the Company’s Class B common stock at an exercise price of $4.77 per share for an aggregate exercise price of $5.0 million. The warrants will expire in June 2023 In May 2022, a holder of common stock warrants exercised 209,644 common stock warrants through a cashless and the Company issued 72,657 common shares with the remaining 136,987 warrants being cancelled to settle the price. As of September 30, 2022 , there were outstanding 1,048,218 4.77 June 2023 Purchase of Equity of Subsidiaries In September 2021, the Company purchased from Howard S. Jonas, the Chairman of the Board of Directors of the Company, Michael Stein, the Chief Executive Officer of the Company, Avi Goldin, the Chief Financial Officer of the Company, certain employees and consultant an aggregate of 4.3% fully vested interest in GRE International by issuing 218,862 of the Company's Class B common stock. In October 2021, the Company purchased from Wes Perry, the Chairman of the Audit Committee of the Company's Board of Directors, a 0.2% interest in GEIC by issuing 36,591 of the Company's Class B common stock. Stock-Based Compensation The Company’s 2011 Stock Option and Incentive Plan (as amended, the "2011 Plan") is intended to provide incentives to executives, employees, directors and consultants of the Company. Incentives available under the Plan include stock options, stock appreciation rights, limited rights, deferred stock units, and restricted stock. The 2011 Plan expired in 2021 and no new grants are to be issued thereunder, however, outstanding grants are not impacted by the expiration of the plan. On March 8, 2021, the Board of Directors adopted the Company 2021 Stock Option and Incentive Plan (the "2021 Plan"), subject to the approval of the Company's stockholders. In May 2021, the 2021 Plan became effective and replaced the 2011 Plan . Similar to the 2011 Plan, the 2021 Plan provides incentives to executives, employees, directors and consultants of the Company. Incentives available under the 2021 Plan include stock options, stock appreciation rights, limited stock appreciation rights, deferred stock units, and restricted stock. The Plan is administered by the Compensation Committee of the Company’s Board of Directors. The maximum number of shares reserved for the grant of awards under the 2021 Plan is 1.0 million shares of Class B Common Stock. In February 2022, the Company granted certain employees and members of its Board of Directors an aggregate of 290,000 deferred stock units which will vest in two tranches contingent upon the achievement of a specified thirty-day average closing price of the Company's Class B common stock within a specified period of time (the "2022 market conditions") and the satisfaction of service-based vesting conditions. Each deferred stock unit entitles the recipient to receive, upon vesting, up to two shares of Class B common stock of the Company depending on market conditions. The Company used a Monte Carlo simulation model to estimate the grant-date fair value of the awards. Assumptions and estimates utilized in the model include the risk-free interest rate, dividend yield, expected stock volatility based on a combination of the Company’s historical stock volatility. In the second quarter of 2022, a certain portion of the 2022 market condition was achieved and the Company issued 290,000 shares of its restricted Class B common stock subject to service-based vesting conditions as described above. As of , there were approximately $ 4.1 million of total unrecognized stock-based compensation costs related to outstanding and unvested equity-based grants. These costs are expected to be recognized over a weighted-average period of approximately years.

Variable Interest Entity

Variable Interest Entity	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity [Abstract]
Variable Interest Entity	Note 13—Variable Interest Entity Citizens Choice Energy, LLC (“CCE”), is a REP that resells electricity and natural gas to residential and small business customers in the State of New York. The Company does not own any interest in CCE. Since 2011, the Company has provided CCE with substantially all of the cash required to fund its operations. The Company determined that it has the power to direct the activities of CCE that most significantly impact its economic performance and it has the obligation to absorb losses of CCE that could potentially be significant to CCE on a stand-alone basis. The Company therefore determined that it is the primary beneficiary of CCE, and as a result, the Company consolidates CCE within its GRE segment. The net income or loss incurred by CCE was attributed to noncontrolling interests in the accompanying consolidated statements of operations. The Company has an option to purchase 100% of the issued and outstanding limited liability company interests of CCE for one dollar plus the forgiveness of $0.5 million that the Company loaned to CCE in October 2015. The option expires on October 22, 2023. Net loss related to CCE and aggregate net funding provided by the Company were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Net loss $ (336 ) $ ( 445 ) $ (700 ) $ (818 ) Aggregate provided by the Company, net $ (191 ) $ ( 393 ) $ (268 ) $ (921 ) Summarized combined balance sheet amounts related to CCE was as follows: September 30, 2022 December 31, 2021 (in thousands) Assets Cash, cash equivalents and restricted cash $ 256 $ 559 Trade accounts receivable 349 544 Prepaid expenses and other current assets 473 367 Other assets 359 359 Total assets $ 1,437 $ 1,829 Liabilities and noncontrolling interests Current liabilities $ 586 $ 547 Due to IDT Energy 5,936 5,668 Noncontrolling interests (5,085 ) (4,386 ) Total liabilities and noncontrolling interests $ 1,437 $ 1,829 The assets of CCE may only be used to settle obligations of CCE, and may not be used for other consolidated entities. The liabilities of CCE are non-recourse to the general credit of the Company’s other consolidated entities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Taxes [Abstract]
Income Taxes	Note 14—Income Taxes The following table provides a summary of Company's effective tax rate: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Reported tax rate 27.1 % 28.9 % 27.6 % 29.3 % The reported tax rate for the three months ended September 30, 2022 was 27.1%, a slight decrease The decrease in the reported tax rate for the nine months ended September 30, 2022 compared to the same period in 2021

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings (Loss) Per Share [Abstract]
Earnings Per Share	Note 15— Earnings Per Share Basic earnings per share is computed by dividing net income or loss attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increases is anti-dilutive. The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Basic weighted-average number of shares 25,233 25,514 25,623 25,867 Effect of dilutive securities: Stock options and warrants 695 — 508 — Non-vested restricted Class B common stock 277 — 130 — Diluted weighted-average number of shares 26,205 25,514 26,261 25,867 The following shares were excluded from the diluted earnings per share computations: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Shares underlying options and warrants — 665 126 731 Non-vested restricted Class B common stock — 27 — 33 Non-vested deferred stock units 290 610 290 610 Stock options were excluded from the diluted earnings per share computation nine months ended September 30, 2022 and 2021 In the three and nine months ended September 30, 2021, the diluted loss per share computation equals basic loss per share because the Company has a net loss and the impact of the assumed exercise of the stock options and warrants and the vesting of the restricted stock would have been anti-dilutive. Non-vested deferred stock units were excluded from the basic and diluted weighted average shares outstanding calculation because the market condition for vesting of those deferred stock units were not met as of September 30, 2022 and 2021.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 16—Related Party Transactions On December 7, 2020, the Company invested $ million to purchase shares of Class B common stock of Rafael Holdings, Inc. ("Rafael"). Rafael, a publicly-traded company, is also a related party. Rafael is a former subsidiary of IDT that was spun off from IDT in March 2018. Howard S. Jonas is the Executive Chairman and Chairman of the Board of Directors of Rafael. shares of Rafael's Class B common stock with an exercise price of $ per share. The warrants had a term expiring on June 6, 2022. The Company exercised the warrants in full on March 31, 2021 for a total exercise price of $ million. The Company does not exercise significant influence over the operating or financial policies of Rafael. For the and nine months ended September 30, 2022, the Company recognized unrealized loss on investment of minimal amount and $ million, respectively. For the , the Company recognized unrealized loss on investment of 5.3 million, in connection with the investments. For the nine months ended September 30, 2021, the Company recognized unrealized gain on investment of $ million, in connection with the investment. million. The Company was formerly a subsidiary of IDT Corporation (“IDT”). On October 28, 2011, the Company was spun-off by IDT. The Company entered into various agreements with IDT prior to the spin-off including an agreement for certain services to be performed by the Company and IDT. The Company also provides specified administrative services to certain of foreign subsidiaries. Howard Jonas is the Chairman of the Board of IDT. The Company leases office space and parking in New Jersey. Until August 2022, the space was leased from Rafael. The leases expire in April 2025. On August 22, 2022, Rafael completed the sale of the leased office space and parking in New Jersey, including the lease of the Company, to a third-party buyer. The charges for services provided by IDT to the Company, and rent charged by Rafael, net of the charges for the services provided by the Company to IDT, are included in “Selling, general and administrative” expense in the consolidated statements of operations. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Amount IDT charged the Company $ 276 $ 247 $ 1,075 $ 766 Amount the Company charged IDT $ 34 $ 33 $ 101 $ 105 Amount Rafael charged the Company $ 39 $ 57 $ 154 $ 170 The following table presents the balance of receivables and payables to IDT and Rafael: September 30, 2022 December 31, 2021 (in thousands) Due to IDT $ 169 $ 551 Due from IDT $ 34 $ 19 Due to Rafael $ — $ — On August 31, 2018, the Company extended a loan to a former employee for $0.1 million. The loan agreement requires scheduled payments from December 31, 2020 to December 2052. The loan bears the same interest equivalent to a minimum rate, in effect from time to time required by local regulations and is compounded annually. The Company recorded nominal amounts of interest income for the nine months ended September 30, 2022 and 2021 related to this debt. The outstanding balance, including accrued interest was $0.1 million as of September 30, 2022. The Company obtains insurance policies from several insurance brokers, one In September and October of 2021, the Company purchased from certain related parties interests in GRE International and GEIC (see Note 12 — Equity On February 21, 2022, the Company entered into a Loan and Security Agreement to extend up to 5.5 million New Israel Shekel, or NIS (equivalent to $1.5 million as at September 30, 2022) with The all assets that Mr. Ohayon acquired using the proceeds of the loan bears a minimum interest as set by the Income Tax Regulations of Israel (3.23% in 2022) and is due, together with the principal amount on or before December 31, 2023. As of Investments in Atid In September 2018, the Company divested a majority interest in Atid Drilling Ltd. in exchange for a 37.5% interest in a contracting drilling company in Israel ("Atid 613") which the Company accounts for using equity method of accounting. The Company also entered into a Shareholder Agreement with Atid 613's other shareholders to govern certain issues regarding management of the new company. Under the Shareholder Agreement, among other things, a Company subsidiary agreed to make available to Atid 613 working capital financing up to $0.4 million ("Credit Facility"). Any outstanding borrowing under the Credit Facility would bear interest at a variable rate as described in the Shareholder Agreement On August 12, 2019, the Company, together with the other shareholders of Atid 613 signed a Funding Agreement to provide aggregate loans to Atid 613 in an amount of up to NIS5.1 million (equivalent to $1.4 million at September 30, 2022), including the Company's commitment to extend up to NIS1.9 million (equivalent to $0.5 million at September 30, 2022) of such amount. In August 2019, the Company extended NIS0.8 million (equivalent to $0.2 million) in loans. The loans which are secured by Atid 613’s assets bore no interest until March 1, 2020 and bear interest at 5.5% for all subsequent periods. In May 2021 ,

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2022
Business Segment Information [Abstract]
Business Segment Information	Note 17—Business Segment Information Following the discontinuance of operations of Lumo Finland and Lumo Sweden in third quarter of 2022, GRE International ceased to be a segment and the remaining assets and liabilities and results of continuing operations of GRE International were combined with corporate. There are no other changes in other reportable segments. The Company has two reportable business segments: GRE and Genie Renewables (formerly Genie Energy Services, or GES). GRE owns and operates REPs, including IDT Energy, Residents Energy, TSE, Southern Federal and Mirabito. GRE's REP businesses resell electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas. Genie designs, manufactures and distributes solar panels, offers energy brokerage and advisory services and also sells third-party products to customers. Corporate costs include unallocated compensation, consulting fees, legal fees, business development expenses and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any cost of revenues. The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision-maker. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments. Operating results for the business segments of the Company were as follows: (in thousands) GRE Genie Renewables Corporate Total Three Months Ended September 30, 2022 Revenues $ 79,917 $ 1,368 $ — $ 81,285 Income (loss) from operations 27,415 (1,503 ) (2,374 ) 23,538 Depreciation and amortization 83 13 — 96 Stock-based compensation 238 — 475 713 Provision for (benefit from) income taxes 7,008 — (526 ) 6,482 Three Months Ended September 30, 2021 Revenues $ 86,317 $ 1,338 $ — $ 87,655 Income (loss) from operations 19,714 (203 ) (2,048 ) 17,463 Depreciation and amortization 90 12 — 102 Stock-based compensation 155 — 332 487 Provision for income taxes 3,481 — 17 3,498 Nine Months Ended September 30, 2022 Revenues $ 226,961 $ 7,189 $ — $ 234,150 Income (loss) from operations 72,004 (2,500 ) (7,232 ) 62,272 Depreciation and amortization 253 35 1 289 Stock-based compensation 714 — 1,518 2,232 Provision for (benefit from) income taxes 18,546 — (1,755 ) 16,791 Nine Months Ended September 30, 2021 Revenues $ 243,960 $ 6,170 $ 3,930 $ 254,060 Income (loss) from operations 26,427 690 (8,837 ) 18,280 Depreciation and amortization 295 34 14 343 Stock-based compensation 503 — 1,061 1,564 Provision for income taxes 6,930 128 91 7,149 Total assets for the business segments of the Company were as follows: (in thousands) GRE Genie Renewables Corporate Total Total assets: September 30, 2022 $ 172,931 $ 7,959 $ 78,966 $ 259,856 December 31, 2021 174,442 3,946 51,077 229,465 The total assets of corporate segment includes total assets of discontinued operations of Orbit, Lumo Finland and Lumo Sweden with aggregate net book value of $62.7 million and $34.4 million at September 30, 2022 and December 31, 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 18 Legal Proceedings The Company may from time to time be subject to legal proceedings that arise in the ordinary course of business. Although there can be no assurance in this regard, the Company does not expect any of those legal proceedings to have a material adverse effect on the Company’s results of operations, cash flows or financial condition. Refer to Note 5 — Agency and Regulatory Proceedings From time to time, the Company receives inquiries or requests for information or materials from public utility commissions or other governmental regulatory or law enforcement agencies related to investigations under statutory or regulatory schemes, and the Company responds to those inquiries or requests. The Company cannot predict whether any of those matters will lead to claims or enforcement actions or whether the Company and the regulatory parties will enter into settlements before a formal claim is made. State of Connecticut Public Utilities Regulatory Authority Town Square On September 19, 2018, the State of Connecticut Public Utilities Regulatory Authority (“PURA”) commenced an investigation into Town Square following customer complaints of allegedly misleading and deceptive sales practices on the part of Town Square. The Connecticut Office of Consumer Counsel subsequently joined in the investigation. On June 17, 2020, PURA notified Town Square that it was advancing its investigation by assigning Prosecutorial staff for the purpose of investigating Town Square’s compliance with licensed electric supplier billing, marketing, and licensing requirements, and, if appropriate, facilitating settlement discussions among the parties. Although Town Square denies any basis for those complaints and any wrongdoing on its part, in July 2021, the parties settled the dispute. Pursuant to the terms of the settlement agreement, Town Square paid Town Square has also agreed to voluntarily refrain from in-person marketing activities in Connecticut for a period of three and six months ended September 30, 2022 6.0 14.1 Residents Energy In August 2020, Residents Energy began marketing retail energy services to Connecticut. For the year ended December 31, 2021, Residents Energy's gross revenues from sales in Connecticut was $0.2 million. During the fourth quarter of 2020, the enforcement division of PURA contacted Residents Energy concerning customer complaints received in connection with alleged door-to-door marketing activities in violation of various rules and regulations. On March 12, 2021, the enforcement division filed a motion against Resident Energy with the adjudicating body of PURA, seeking the assessment of along with a suspension of license, auditing of marketing practices upon reinstatement and an invitation for settlement discussions. In June 2021, the parties settled the dispute. Pursuant to the terms of the settlement agreement, Residents Energy paid Other Reviews or Investigations From time to time regulators may initiate reviews, compliance checks or issue subpoenas for information as means to evaluate the Company and its subsidiaries’ compliance with applicable laws, rules, regulations and practices. On October 25, 2019, the Office of the Attorney General of the State of Illinois ("IL AG") notified Residents Energy (by way of subpoena) that it is conducting an investigation to assess compliance with the Illinois Consumer Fraud and Deceptive Business Practices Act. The notice was issued in the form of a subpoena in the course of the foregoing. The Company, which has responded as required, has challenged the merits of the subpoena and investigation. Residents Energy denies any wrongdoing on its part. three and nine months ended September 30, 2022 8.2 22.6 In response to certain customers complaints, the State of Maine Public Utility Commission ("MPUC") has opened a review of the door to door marketing practices of Town Square. In connection with the review, the MPUC has requested information from Town Square demonstrating compliance in the form of an order to show cause as to why its marketing practices are in compliance and it should be permitted to continue licensed operations in Maine. In August 2021, the parties settled the dispute without any obligation for payment by Town Square. In connection with the settlement, Town Square has agreed to voluntarily refrain from door-to-door marketing activities in Maine through June 30, 2023, and to voluntarily refrain from outbound telemarketing to obtain new residential customers for a period of six months, along with certain compliance procedures. For the three and nine months ended September 30, 2022 0.5 1.3 Other Commitments Purchase Commitments The Company had future purchase commitments of $ 133.8 103.7 are expected to be paid as follows: (in thousands) Remainder of 2022 $ 29,463 2023 75,871 2024 24,670 2025 3,934 2026 — Thereafter — Total payments $ 133,938 In the three months ended September 30, 2022 19.6 4.2 In the nine months ended September 30, 2022 , the Company purchased $ 34.3 million and $ 15.7 million of electricity and renewable energy credits, respectively, under these purchase commitments. In the three months ended September 30, 2021 , the Company purchased $ 10.7 million and $ 8.5 million of electricity and renewable energy credits, respectively, under these purchase commitments. In the nine months ended September 30, 2021 10.4 16.4 Renewable Energy Credits GRE must obtain a certain percentage or amount of its power supply from renewable energy sources in order to meet the requirements of renewable portfolio standards in the states in which it operates. This requirement may be met by obtaining renewable energy credits that provide evidence that electricity has been generated by a qualifying renewable facility or resource. At September 30, 2022, GRE had commitments to purchase renewable energy credits of $ 30.1 Performance Bonds and Unused Letters of Credit GRE has performance bonds issued through a third party for certain utility companies and for the benefit of various states in order to comply with the states’ financial requirements for REPs. At September 30, 2022, GRE had aggregate performance bonds of $ 15.2 BP Energy Company Preferred Supplier Agreement Certain of GRE’s REPs are party to an Amended and Restated Preferred Supplier Agreement with BP, which is to be in effect through November 30, 2023. Under the agreement, the REPs purchase electricity and natural gas at market rate plus a fee. The obligations to BP are secured by a first security interest in deposits or receivables from utilities in connection with their purchase of the REPs’ customer’s receivables, and in any cash deposits or letters of credit posted in connection with any collateral accounts with BP. The ability to purchase electricity and natural gas under this agreement is subject to satisfaction of certain conditions including the maintenance of certain covenants. At September 30, 2022, the Company was in compliance with such covenants. At September 30, 2022, restricted cash—short-term of $ 0.4 46.8 46.8

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt [Abstract]
Debt	Note 19—Debt Loan with Tokyo Star Bank On May 13, 2020, Genie Japan entered into a Loan Agreement with Tokyo Star Bank for a ¥150.0 million (equivalent to $1.4 million) short-term credit facility ("May 2020 Loan") with maturity date of November 13, 2020. On November 13, 2020, Genie Japan and Tokyo Star Bank amended the May 2020 Loan to extend the maturity date to May 13, 2021. Genie Japan provided a letter of credit issued by JPMorgan Chase in the amount of ¥150.0 million (equivalent to $1.4 million) as collateral. The outstanding principal amount incurred interest at 3.0% per annum and was payable monthly. In May 2021, the Company completed the divestiture of Genie Japan including balance of the May 2020 Loan ( see Credit Agreement with JP Morgan Chase Bank On December 13, 2018, the Company entered into a Credit Agreement with JPMorgan Chase Bank (“Credit Agreement”). On December 23, 2021, the Company entered into the third amendment of its existing Credit Agreement to extend the maturity date to December 31, 2022. The Company continues to have the aggregate principal amount of $5.0 million credit line facility (“Credit Line”). The Company pays a commitment fee of 0.1% per annum on unused portion of the Credit Line as specified in the Credit Agreement. The borrowed amounts will be in the form of letters of credit which will bear interest of 1.0% per annum. The Company will also pay a fee for each letter of credit that is issued equal to the greater of $500 or 1.0% of the original maximum available amount of the letter of credit. The Company agreed to deposit cash in a money market account at JPMorgan Chase Bank as collateral for the line of credit equal to $5.1 million. As of, September 30, 2022, there are no letters of credit issued by JP Morgan Chase Bank. At September 30, 2022, the cash collateral of $5.2 million was included in restricted cash—short-term in the consolidated balance sheet.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2022
Recently Issued Accounting Standards [Abstract]
Recently Issued Accounting Standards	Note 20—Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments , that changes the impairment model for most financial assets and certain other instruments. For receivables, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that generally will result in the earlier recognition of allowance for losses. For available-for-sale debt securities with unrealized losses, entities will measure credit losses in a manner similar to current practice, except the losses will be recognized as allowances instead of reductions in the amortized cost of the securities. In addition, an entity will have to disclose significantly more information about allowances, credit quality indicators and past due securities. The new provisions will be applied as a cumulative-effect adjustment to retained earnings. The Company will adopt the new standard on January 1, 2023. The Company is currently evaluating the requirements of this guidance and has not yet determined the impact of its adoption on the Company's consolidated financial statements.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	Note 21—S ubse In October 2022, the Company declared its exercise of its rights to redeem 986,400 shares of the outstanding Preferred Stock on November 15, 2022 (the "Redemption Date") at a price, of $8.50 per share (an aggregate of $8.4 million), together with an amount equal to all dividends accrued and unpaid up to, but not including the Redemption Date.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2022
Cash, Cash Equivalents, and Restricted Cash [Abstract]
Schedule of reconciliation of cash, cash equivalents, and restricted cash	September 30, 2022 December 31, 2021 (in thousands) Cash and cash equivalents $ 81,705 $ 93,568 Restricted cash—short-term 5,555 6,657 Total cash, cash equivalents, and restricted cash $ 87,260 $ 100,225

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventories [Abstract]
Schedule of Inventories	September 30, 2022 December 31, 2021 (in thousands) Natural gas $ 4,298 $ 1,891 Renewable credits 11,737 15,610 Solar Panels: Finished goods 2,482 219 Totals $ 18,517 $ 17,720

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue Recognition [Abstract]
Schedule of revenues disaggregated	Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2022 Fixed rate $ 25,374 $ 1,925 $ — $ 27,299 Variable rate 48,390 4,228 — 52,618 Other — — 1,368 1,368 Total $ 73,764 $ 6,153 $ 1,368 $ 81,285 Three Months Ended September 30, 2021 Fixed rate $ 42,142 $ 933 $ — $ 43,075 Variable rate 40,659 2,583 — 43,242 Other — — 1,338 1,338 Total $ 82,801 $ 3,516 $ 1,338 $ 87,655 Nine Months Ended September 30, 2022 Fixed rate $ 62,822 $ 8,020 $ — $ 70,842 Variable rate 123,385 32,734 — 156,119 Other — — 7,189 7,189 Total $ 186,207 $ 40,754 $ 7,189 $ 234,150 Nine Months Ended September 30, 2021 Fixed rate $ 108,919 $ 3,483 $ — $ 112,402 Variable rate 113,086 22,395 — 135,481 Other — — 6,177 6,177 Total $ 222,005 $ 25,878 $ 6,177 $ 254,060 Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2022 Non-Commercial Channel $ 61,704 $ 2,723 $ — $ 64,427 Commercial Channel 12,060 3,430 — 15,490 Other — — 1,368 1,368 Total $ 73,764 $ 6,153 $ 1,368 $ 81,285 Three Months Ended September 30, 2021 Non-Commercial Channel $ 59,646 $ 1,855 $ — $ 61,501 Commercial Channel 23,155 1,661 — 24,816 Other — — 1,338 1,338 Total $ 82,801 $ 3,516 $ 1,338 $ 87,655 Nine Months Ended September 30, 2022 Non-Commercial Channel $ 156,425 $ 29,028 $ — $ 185,453 Commercial Channel 29,782 11,726 — 41,508 Other — — 7,189 7,189 Total $ 186,207 $ 40,754 $ 7,189 $ 234,150 Nine Months Ended September 30, 2021 Non-Commercial Channel $ 167,794 $ 20,830 $ — $ 188,624 Commercial Channel 54,211 5,048 — 59,259 Other — — 6,177 6,177 Total $ 222,005 $ 25,878 $ 6,177 $ 254,060

Discontinued Operations and D_2

Discontinued Operations and Divestiture (Tables)	9 Months Ended
	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of operations of discontinued operations	The summary of results of operations of the discontinued operations were as follows: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 (in thousands) Total revenues $ 18,036 $ 67,214 Cost of revenues 17,070 58,814 Gross profit 966 8,400 Selling, general and administrative expenses 10,724 22,447 Impairment of assets 6,650 6,650 Net loss before taxes (16,408 ) (20,697 ) Provision for income taxes 28 43 Loss from discontinued operations, net of taxes $ (16,436 ) $ (20,740 )
Schedule of cash flow of discontinued operations	The following table presents a summary of cash flows of the discontinued operations for the Nine Months Ended September 30, 2021: Net loss $ (20,740 ) Non-cash items 15,630 Changes in assets and liabilities 6,880 Cash flows from operating activities of discontinued operations $ 1,770
Schedule of assets and liabilities	(in thousands) Cash $ 83 Trade accounts receivable 1,737 Prepaid and other current assets 391 Intangible (license) 540 Other noncurrent assets 296 Accounts payables (611 ) Accrued expenses and other current liabilities (588 ) Loan payable (1,372 ) Cumulative translation adjustment (181 ) Noncontrolling interest 114 Net assets $ 409
Lumo Finland and Lumo Sweden [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of operations of discontinued operations	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) Revenues $ 4,558 $ 7,474 $ 25,247 $ 24,937 Cost of revenues 7,042 670 (8,358 ) 17,573 Gross (loss) profit (2,484 ) 6,804 33,605 7,364 Selling, general and administrative expenses 3,275 987 5,190 3,292 (Loss) income from operations (5,759 ) 5,817 28,415 4,072 Gain from the settlement of assets 7,792 — 7,792 — Income before income taxes 2,033 5,817 36,207 4,072 Provision for income taxes (3,492 ) (295 ) (10,278 ) (323 ) Net (loss) income from discontinued operations, net of taxes $ (1,459 ) $ 5,522 $ 25,929 $ 3,749 Income before income taxes attributable to Genie Energy Ltd. $ 4,836 $ 5,352 $ 36,206 $ 3,572
Schedule of cash flow of discontinued operations	Nine Months Ended September 30, 2022 Nine Months Ended September 30, 2021 (in thousands) Net income from discontinued operations, net of taxes $ 25,929 $ 3,749 Non-cash items 1,546 728 Changes in assets and liabilities (19,325 ) (5,233 ) Cash flows from (used in) operating activities of discontinued operations $ 8,150 $ (756 )
Schedule of assets and liabilities	September 30, 2022 December 31, 2021 (in thousands) Assets Cash $ 5,470 $ 1,924 Trade accounts receivable, net 878 11,048 Fair value of derivative contracts—current — 12,826 Receivables from the settlement of the derivative contract —current 29,063 4,655 Other current assets 277 2,784 Current assets of discontinued operations $ 35,688 $ 33,237 Receivables from the settlement of the derivative contract —noncurrent $ 13,496 $ — Other noncurrent assets 355 1,172 Noncurrent assets of discontinued operations $ 13,851 $ 1,172 Liabilities Accounts payable $ 2,424 $ 19,013 Accrued expenses 1,280 1,518 Income taxes payable 1,675 280 Other current liabilities 352 393 Current liabilities of discontinued operations $ 5,731 $ 21,204 Deferred tax liabilities $ 9,502 $ — Other noncurrent liabilities — 438 Noncurrent liabilities of discontinued operations $ 9,502 $ 438

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Concentration Risk [Line Items]
Schedule of balance of assets and liabilities measured at fair value on a recurring basis	Level 1 (1) Level 2 (2) Level 3 (3) Total (in thousands) September 30, 2022 Assets: Marketable equity securities $ 471 $ — $ — $ 471 Derivative contracts $ 7,607 $ — $ — $ 7,607 Liabilities: Derivative contracts $ 1,217 $ — $ — $ 1,217 December 31, 2021 Assets: Marketable equity securities $ 1,336 $ — $ — $ 1,336 Derivative contracts $ 1,579 $ 44 $ — $ 1,623 Liabilities: Derivative contracts $ 684 $ — $ — $ 684 (1) – quoted prices in active markets for identical assets or liabilities (2) – observable inputs other than quoted prices in active markets for identical assets and liabilities (3) – no observable pricing inputs in the market
Schedule of concentration risk	The following table summarizes the percentage of revenues by customers that equal or exceed 10.0 and nine months ended September 30, 2022 and 2021 (no other single customer accounted for 10.0 Three Months Ended September 30 Nine Months Ended September 30 2022 2021 2022 2021 Customer A 11.4 % na % 11.4 % na % Customer B 11.6 na na na Customer C na 15.8 na 12.5 na —
Consolidated revenues [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Schedule of concentration risk	September 30, 2022 December 31, 2021 Customer A 15.2 % 12.5 % Customer B 11.0 na na — 10.0 % of consolidated net trade receivables

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments [Abstract]
Schedule of volume of GRE's outstanding contracts and options	Settlement Dates Volume Electricity (in MWH) Gas (in Dth) Fourth quarter 2022 13,600 454,600 First quarter 2023 22,736 691,990 Second quarter 2023 26,496 175,250 Third quarter 2023 30,528 131,250 Fourth quarter 2023 29,232 602,200 First quarter 2024 1,360 841,300 Second quarter 2024 — 107,250 Third quarter of 2024 13,520 70,950 Fourth quarter of 2024 — 71,400 First quarter of 2025 — 299,750 Second quarter of 2025 — 269,100 Third quarter of 2025 — 236,250 Fourth quarter of 2025 — 230,000 First quarter of 2026 — — Second quarter of 2026 — — Third quarter of 2026 3,520 —
Schedule of fair value of outstanding derivative instruments recorded as assets and liability	Asset Derivatives Balance Sheet Location September 30, 2022 December 31, 2021 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current assets $ 5,700 $ 924 Energy contracts and options Other assets 1,907 699 Total derivatives not designated or not qualifying as hedging instruments — $ 7,607 $ 1,623 Liability Derivatives Balance Sheet Location September 30, 2022 December 31, 2021 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current liabilities $ 656 $ 520 Energy contracts and options Other liabilities 561 164 Total derivatives not designated or not qualifying as hedging instruments — Liabilities $ 1,217 $ 684 ( 1 The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 .
Schedule of derivative instruments on the consolidated statements of operations	Amount of Gain Recognized on Derivatives Derivatives not designated or not qualifying as Location of Gain Recognized Three Months Ended September 30, Nine Months Ended September 30, hedging instruments on Derivatives 2022 2021 2022 2021 (in thousands) (in thousands) Energy contracts and options Cost of revenues $ 35,011 $ 13,795 $ 102,060 $ 32,845

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Other Current Assets [Abstract]
Schedule of Other Assets	September 30, 2022 December 31, 2021 (in thousands) Security deposit $ 5,085 $ 4,867 Right-of-use assets, net of amortization 1,556 1,656 Fair value of derivative contracts — noncurrent 1,907 699 Notes receivables 1,505 115 Other assets 2,922 1,880 Total other assets $ 12,975 $ 9,217

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Other Intangible Assets [Abstract]
Schedule of goodwill	GRE Genie Renewables Total (in thousands) Balance at January 1, 2022 $ 9,998 $ — $ 9,998 Additions/deductions during the period — — — Balance at September 30, 2022 $ 9,998 $ — $ 9,998
Schedule of other intangible assets	Weighted Average Amortization Period Gross Carrying Amount Accumulated Amortization Net Balance (in thousands) September 30, 2022 Patents and trademarks 18.1 years $ 3,510 $ (1,098 ) $ 2,412 Customer relationships 9.0 1,100 (621 ) 479 Licenses 10.0 479 (138 ) 341 Total $ 5,089 $ (1,857 ) $ 3,232 December 31, 2021 Trademark 18.1 years $ 3,510 $ (926 ) $ 2,584 Customer relationships 9.0 years 1,100 (530 ) 570 Licenses 10.0 years 479 (103 ) 376 Total $ 5,089 $ (1,559 ) $ 3,530

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2022
Accrued Expenses and Other Liabilities [Abstract]
Schedule of accrued expenses	September 30, 2022 December 31, 2021 (in thousands) Renewable energy $ 24,345 $ 23,247 Liability to customers related to promotions and retention incentives 9,031 9,036 Payroll and employee benefit 5,430 3,297 Other accrued expenses 2,997 2,425 Total accrued expenses $ 41,803 $ 38,005

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of operating lease expense	September 30, 2022 December 31, 2021 (in thousands) ROU Assets $ 1,556 $ 1,656 Current portion of operating lease liabilities 249 229 Noncurrent portion of operating lease liabilities 1,385 1,495 Total $ 1,634 $ 1,724
Schedule of supplemental cash flow information	Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (in thousands) Operating cash flows from operating activities $ 380 $ 551 ROU assets obtained in the exchange for lease liabilities Operating leases $ — $ —
Schedule of future operating lease	(in thousands) Remainder of 2022 $ 160 2023 352 2024 319 2025 245 2026 239 Thereafter 832 Total future lease payments 2,147 Less imputed interest 513 Total operating lease liabilities $ 1,634

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of dividend paid	Declaration Date Dividend Per Share Aggregate Dividend Amount Record Date Payment Date Series 2012-A Preferred Stock ("Preferred Stock") January 14, 2022 $ 0.1594 $ 370 February 7, 2022 February 15, 2022 April 14, 2022 0.1594 370 May 6, 2022 May 16, 2022 May 12, 2022 0.1296 31 May 12, 2022 June 13, 2022 July 14, 2022 $ 0.1594 $ 333 August 8, 2022 August 15, 2022 Class A Common Stock and Class B Common Stock February 7, 2022 $ 0.0750 $ 1,934 February 22, 2022 March 1, 2022 May 3, 2022 0.0750 1,964 May 20, 2022 May 31, 2022 August 3, 2022 0.0750 1,892 August 18, 2022 August 26, 2022

Variable Interest Entity (Table

Variable Interest Entity (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity [Abstract]
Schedule of net loss related to CCE and aggregate net funding	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Net loss $ (336 ) $ ( 445 ) $ (700 ) $ (818 ) Aggregate provided by the Company, net $ (191 ) $ ( 393 ) $ (268 ) $ (921 )
Schedule of combined balance sheet amounts related to CCE	September 30, 2022 December 31, 2021 (in thousands) Assets Cash, cash equivalents and restricted cash $ 256 $ 559 Trade accounts receivable 349 544 Prepaid expenses and other current assets 473 367 Other assets 359 359 Total assets $ 1,437 $ 1,829 Liabilities and noncontrolling interests Current liabilities $ 586 $ 547 Due to IDT Energy 5,936 5,668 Noncontrolling interests (5,085 ) (4,386 ) Total liabilities and noncontrolling interests $ 1,437 $ 1,829

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Taxes [Abstract]
Schedule of company's effective tax rate	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Reported tax rate 27.1 % 28.9 % 27.6 % 29.3 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings (Loss) Per Share [Abstract]
Schedule of weighted-average number of shares used in the calculation of basic and diluted earnings per share	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Basic weighted-average number of shares 25,233 25,514 25,623 25,867 Effect of dilutive securities: Stock options and warrants 695 — 508 — Non-vested restricted Class B common stock 277 — 130 — Diluted weighted-average number of shares 26,205 25,514 26,261 25,867
Schedule of shares were excluded from the diluted earnings per share	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Shares underlying options and warrants — 665 126 731 Non-vested restricted Class B common stock — 27 — 33 Non-vested deferred stock units 290 610 290 610

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Schedule of related party transactions	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Amount IDT charged the Company $ 276 $ 247 $ 1,075 $ 766 Amount the Company charged IDT $ 34 $ 33 $ 101 $ 105 Amount Rafael charged the Company $ 39 $ 57 $ 154 $ 170
Schedule of receivables and payables	September 30, 2022 December 31, 2021 (in thousands) Due to IDT $ 169 $ 551 Due from IDT $ 34 $ 19 Due to Rafael $ — $ —

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Business Segment Information [Abstract]
Schedule of operating results for the business segments	(in thousands) GRE Genie Renewables Corporate Total Three Months Ended September 30, 2022 Revenues $ 79,917 $ 1,368 $ — $ 81,285 Income (loss) from operations 27,415 (1,503 ) (2,374 ) 23,538 Depreciation and amortization 83 13 — 96 Stock-based compensation 238 — 475 713 Provision for (benefit from) income taxes 7,008 — (526 ) 6,482 Three Months Ended September 30, 2021 Revenues $ 86,317 $ 1,338 $ — $ 87,655 Income (loss) from operations 19,714 (203 ) (2,048 ) 17,463 Depreciation and amortization 90 12 — 102 Stock-based compensation 155 — 332 487 Provision for income taxes 3,481 — 17 3,498 Nine Months Ended September 30, 2022 Revenues $ 226,961 $ 7,189 $ — $ 234,150 Income (loss) from operations 72,004 (2,500 ) (7,232 ) 62,272 Depreciation and amortization 253 35 1 289 Stock-based compensation 714 — 1,518 2,232 Provision for (benefit from) income taxes 18,546 — (1,755 ) 16,791 Nine Months Ended September 30, 2021 Revenues $ 243,960 $ 6,170 $ 3,930 $ 254,060 Income (loss) from operations 26,427 690 (8,837 ) 18,280 Depreciation and amortization 295 34 14 343 Stock-based compensation 503 — 1,061 1,564 Provision for income taxes 6,930 128 91 7,149
Schedule of total assets for the business segments	(in thousands) GRE Genie Renewables Corporate Total Total assets: September 30, 2022 $ 172,931 $ 7,959 $ 78,966 $ 259,856 December 31, 2021 174,442 3,946 51,077 229,465

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies [Abstract]
Schedule of purchase commitments outstanding	(in thousands) Remainder of 2022 $ 29,463 2023 75,871 2024 24,670 2025 3,934 2026 — Thereafter — Total payments $ 133,938

Concentrations and Associated C

Concentrations and Associated Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2022
Concentration Risk [Line Items]
Schedule of concentration risk	The following table summarizes the percentage of revenues by customers that equal or exceed 10.0 and nine months ended September 30, 2022 and 2021 (no other single customer accounted for 10.0 Three Months Ended September 30 Nine Months Ended September 30 2022 2021 2022 2021 Customer A 11.4 % na % 11.4 % na % Customer B 11.6 na na na Customer C na 15.8 na 12.5 na —

Basis of Presentation and Bus_2

Basis of Presentation and Business Changes and Development (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended					9 Months Ended		12 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Basis of Presentation and Business Changes and Development (Textual)
Percentage of gas revenue generated in given period		30.30%	44.50%	31.80%		47.70%
Interest rate		100%					100%
Cost of revenue	$ 3.5			$ 1.9	$ 1.5		$ 3.4		$ 3.4
Minimum [Member]
Basis of Presentation and Business Changes and Development (Textual)
Cost of revenue							1.5
Maximum [Member]
Basis of Presentation and Business Changes and Development (Textual)
Cost of revenue							$ 2.6
Genie Japan [Member]
Basis of Presentation and Business Changes and Development (Textual)
Additional costs included in cost of revenue								$ 2.5
Genie Retail Energy [Member]
Basis of Presentation and Business Changes and Development (Textual)
Company's investment, ownership percentage in subsidiary							100%
Genie Energy Services [Member]
Basis of Presentation and Business Changes and Development (Textual)
Company's investment, ownership percentage in subsidiary							95.50%
Prism Solar Technology [Member]
Basis of Presentation and Business Changes and Development (Textual)
Business acquired interest		60%					60%
GRE International Corporation [Member]
Basis of Presentation and Business Changes and Development (Textual)
Company's investment, ownership percentage in subsidiary							99.50%
Additional costs included in cost of revenue				$ 1
Cost of revenue								$ 13
Genie Retail Energy International [Member]
Basis of Presentation and Business Changes and Development (Textual)
Company's investment, ownership percentage in subsidiary							100%
CityCom Solar [Member]
Basis of Presentation and Business Changes and Development (Textual)
Company's investment, ownership percentage in subsidiary							93.50%

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Cash, Cash Equivalents, and Restricted Cash [Abstract]
Cash and cash equivalents	$ 81,705	$ 93,568
Restricted cash—short-term	5,555	6,657
Total cash, cash equivalents, and restricted cash	$ 87,260	$ 100,225	$ 36,601

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventories [Abstract]
Natural gas	$ 4,298	$ 1,891
Renewable credits	11,737	15,610
Solar Panels:
Finished goods	2,482	219
Totals	$ 18,517	$ 17,720

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 81,285	$ 87,655	$ 234,150	$ 254,060
Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	73,764	82,801	186,207	222,005
Natural gas
Disaggregation of Revenue [Line Items]
Total revenues	6,153	3,516	40,754	25,878
Other
Disaggregation of Revenue [Line Items]
Total revenues	1,368	1,338	7,189	6,177
Pricing plans offered to customers [Member]
Disaggregation of Revenue [Line Items]
Total revenues	81,285	87,655	234,150	254,060
Fixed rate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	27,299	43,075	70,842	112,402
Fixed rate [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	25,374	42,142	62,822	108,919
Fixed rate [Member] | Natural gas
Disaggregation of Revenue [Line Items]
Total revenues	1,925	933	8,020	3,483
Fixed rate [Member] | Other
Disaggregation of Revenue [Line Items]
Total revenues
Variable rate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	52,618	43,242	156,119	135,481
Variable rate [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	48,390	40,659	123,385	113,086
Variable rate [Member] | Natural gas
Disaggregation of Revenue [Line Items]
Total revenues	4,228	2,583	32,734	22,395
Variable rate [Member] | Other
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,368	1,338	7,189	6,177
Other [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Natural gas
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,368	$ 1,338	$ 7,189	$ 6,177

Revenue Recognition (Details 1)

Revenue Recognition (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 81,285	$ 87,655	$ 234,150	$ 254,060
Electricity
Disaggregation of Revenue [Line Items]
Total revenues	73,764	82,801	186,207	222,005
Natural gas
Disaggregation of Revenue [Line Items]
Total revenues	6,153	3,516	40,754	25,878
Other
Disaggregation of Revenue [Line Items]
Total revenues	1,368	1,338	7,189	6,177
Non-Commercial Channel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	64,427	61,501	185,453	188,624
Non-Commercial Channel [Member] | Electricity
Disaggregation of Revenue [Line Items]
Total revenues	61,704	59,646	156,425	167,794
Non-Commercial Channel [Member] | Natural gas
Disaggregation of Revenue [Line Items]
Total revenues	2,723	1,855	29,028	20,830
Non-Commercial Channel [Member] | Other
Disaggregation of Revenue [Line Items]
Total revenues
Commercial Channel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	15,490	24,816	41,508	59,259
Commercial Channel [Member] | Electricity
Disaggregation of Revenue [Line Items]
Total revenues	12,060	23,155	29,782	54,211
Commercial Channel [Member] | Natural gas
Disaggregation of Revenue [Line Items]
Total revenues	3,430	1,661	11,726	5,048
Commercial Channel [Member] | Other
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,368	1,338	7,189	6,177
Other [Member] | Electricity
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Natural gas
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,368	$ 1,338	$ 7,189	$ 6,177

Discontinued Operations and D_3

Discontinued Operations and Divestiture (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Current assets of discontinued operations	$ 48,863	$ 33,237
Noncurrent assets of discontinued operations	13,851	1,172
Liabilities
Current liabilities of discontinued operations	5,731	51,970
Noncurrent liabilities of discontinued operations	9,502	438
Lumo Finland and Lumo Sweden [Member]
Assets
Cash	5,470	1,924
Trade accounts receivable	878	11,048
Fair value of derivative contracts—current		12,826
Receivables from the settlement of the derivative contract—current	29,063	4,655
Other current assets	277	2,784
Receivables from the settlement of the derivative contract—noncurrent	13,496
Other noncurrent assets	355	1,172
Noncurrent assets of discontinued operations	13,851	1,172
Liabilities
Accounts payables	2,424	19,013
Accrued expenses	1,280	1,518
Income taxes payable	1,675	280
Other current liabilities	352	393
Current liabilities of discontinued operations	5,731	21,204
Deferred tax liabilities	9,502
Other noncurrent liabilities		438
Noncurrent liabilities of discontinued operations	9,502	438
Lumo Finland [Member]
Assets
Noncurrent assets of discontinued operations	$ 35,688	$ 33,237

Discontinued Operations and D_4

Discontinued Operations and Divestiture (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Equity Method Investments [Line Items]
Income from operations	$ 23,538	$ 17,463	$ 62,272	$ 18,280
Income before income taxes	23,912	12,095	60,942	24,415
Provision for income taxes	(6,482)	(3,498)	(16,791)	(7,149)
Net income (loss) from discontinued operations, net of tax	(1,459)	(10,914)	25,929	(16,991)
Lumo Finland and Lumo Sweden [Member]
Schedule of Equity Method Investments [Line Items]
Total revenues	4,558	7,474	25,247	24,937
Cost of revenues	7,042	670	(8,358)	17,573
Gross profit	(2,484)	6,804	33,605	7,364
Selling, general and administrative expenses	3,275	987	5,190	3,292
Income from operations	(5,759)	5,817	28,415	4,072
Gain from the settlement of assets	7,792		7,792
Income before income taxes	2,033	5,817	36,207	4,072
Provision for income taxes	(3,492)	(295)	(10,278)	(323)
Net income (loss) from discontinued operations, net of tax	(1,459)	5,522	25,929	3,749
Income before income taxes attributable to Genie Energy Ltd.	$ 4,836	$ 5,352	$ 36,206	$ 3,572

Discontinued Operations and D_5

Discontinued Operations and Divestiture (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Equity Method Investments [Line Items]
Net income from discontinued operations, net of taxes	$ (1,459)	$ (10,914)	$ 25,929	$ (16,991)
Lumo Finland and Lumo Sweden [Member]
Schedule of Equity Method Investments [Line Items]
Net income from discontinued operations, net of taxes	$ (1,459)	$ 5,522	25,929	3,749
Non-cash items			1,546	728
Changes in assets and liabilities			(19,325)	(5,233)
Cash flows from (used in) operating activities of discontinued operations			$ 8,150	$ (756)

Discontinued Operations and D_6

Discontinued Operations and Divestiture (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Equity Method Investments [Line Items]
Loss from discontinued operations, net of taxes	$ (1,459)	$ (10,914)	$ 25,929	$ (16,991)
Discontinued Operations [Member]
Schedule of Equity Method Investments [Line Items]
Total revenues		18,036	67,214
Cost of revenues		17,070	58,814
Gross profit		966	8,400
Selling, general and administrative expenses		10,724	22,447
Impairment of assets		6,650	6,650
Net loss before taxes		(16,408)	(20,697)
Provision for income taxes		(28)	(43)
Loss from discontinued operations, net of taxes		$ (16,436)	$ (20,740)

Discontinued Operations and D_7

Discontinued Operations and Divestiture (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Equity Method Investments [Line Items]
Net income from discontinued operations, net of taxes	$ (1,459)	$ (10,914)	$ 25,929	$ (16,991)
GRE International [Member]
Schedule of Equity Method Investments [Line Items]
Net income from discontinued operations, net of taxes				(20,740)
Non-cash items				15,630
Changes in assets and liabilities				6,880
Cash flows from (used in) operating activities of discontinued operations				$ 1,770

Discontinued Operations and D_8

Discontinued Operations and Divestiture (Details 5) - Genie Japan [Member] $ in Thousands	May 11, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	$ 83
Trade accounts receivable	1,737
Prepaid and other current assets	391
Intangible (license)	540
Other noncurrent assets	296
Accounts payables	(611)
Accrued expenses and other current liabilities	(588)
Loan payable	(1,372)
Cumulative translation adjustment	(181)
Noncontrolling interest	114
Net assets	$ 409

Discontinued Operations and D_9

Discontinued Operations and Divestiture (Details Textual) $ in Thousands, € in Millions, ¥ in Millions

1 Months Ended

9 Months Ended

May 11, 2021 JPY (¥)

May 11, 2021 USD ($)

Apr. 26, 2021 JPY (¥)

Apr. 26, 2021 USD ($)

Feb. 28, 2022 USD ($)

Sep. 30, 2022 USD ($)

Nov. 03, 2022

Sep. 30, 2022 EUR (€)

Sep. 30, 2022 USD ($)

Aug. 31, 2022 EUR (€)

Aug. 31, 2022 USD ($)

Jul. 19, 2022 EUR (€)

Jul. 19, 2022 USD ($)

Dec. 31, 2021 USD ($)

Oct. 08, 2020

Sep. 30, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Contract Termination Claims, Description

In the fourth quarter of 2021, Orbit transferred to GEIC a net amount of $49.7 million from the proceeds of the settlement of the contract with Shell which is included in cash and cash equivalents in the consolidated balance sheet as of December 31, 2021. In January 2022, the Company transferred $21.5 million to the Administrators of Orbit Energy to fund the settlement of the expected remaining liabilities of Orbit of $30.8 million, which were included in the current liabilities of discontinued operations in the consolidated balance sheet as of December 31, 2021.

Company deposite

$ 28,300

Net realized values

$ 30,800

Amount transferred to court's registry

$ 28,300

Gross aggregate amount

€ 41.1

$ 41,400

Net book value of the instruments sold

€ 34.2

$ 35,800

Variable rate customers to a third party

€ 1.9

$ 2,000

Administrator paid

€ 4.6

$ 5,400

Finite-Lived Intangible Assets, Net

3,232

3,530

Net investments

13,200

Net liabilities

$ 97,784

$ 118,676

Genie Japan [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Company agreed interest

¥ 570

$ 5,300

Cash consideration

¥ 570

$ 5,200

Recognized pre-tax gain

4,200

Commission paid

$ 600

Maximum [Member] | Lumo Finland [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Minority interest percentage

96.60%

Maximum [Member] | Lumo Sweden [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Minority interest percentage

100%

Minimum [Member] | Lumo Finland [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Minority interest percentage

91.60%

Minimum [Member] | Lumo Sweden [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Minority interest percentage

98.80%

Other Investments [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Outstanding equity percentage

77%

37.50%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Assets:
Marketable equity securities		$ 471	$ 1,336
Recurring [Member]
Assets:
Marketable equity securities		471	1,336
Derivative contracts		7,607	1,623
Liabilities:
Derivative contracts		1,217	684
Level 1 [Member] | Recurring [Member]
Assets:
Marketable equity securities	[1]	471	1,336
Derivative contracts	[1]	7,607	1,579
Liabilities:
Derivative contracts	[1]	1,217	684
Level 2 [Member] | Recurring [Member]
Assets:
Marketable equity securities	[2]
Derivative contracts	[2]		44
Liabilities:
Derivative contracts	[2]
Level 3 [Member] | Recurring [Member]
Assets:
Marketable equity securities	[3]
Derivative contracts	[3]
Liabilities:
Derivative contracts	[3]
[1]quoted prices in active markets for identical assets or liabilities[2]observable inputs other than quoted prices in active markets for identical assets and liabilities[3]no observable pricing inputs in the market

Fair Value Measurements (Deta_2

Fair Value Measurements (Details 2)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Sales Revenue, Net [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	11.40%		11.40%
Sales Revenue, Net [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	11.60%
Sales Revenue, Net [Member] | Customer C [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		15.80%		12.50%
Consolidated gross trade accounts receivable [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			15.20%		12.50%
Consolidated gross trade accounts receivable [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			11%

Fair Value Measurements (Deta_3

Fair Value Measurements (Details Textual)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Customer [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Fair Value Measurements (Textual)
Concentration risk, percentage	10%	10%	10%	10%	10%	10%
Customer A [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Fair Value Measurements (Textual)
Concentration risk, percentage				10%
Customer A [Member] | Revenue from Rights Concentration Risk [Member] | Revenues [Member]
Fair Value Measurements (Textual)
Concentration risk, percentage				10%

Derivative Instruments (Details

Derivative Instruments (Details)	9 Months Ended
	Sep. 30, 2022
Electricity (in MWH) [Member] | Fourth quarter 2022
Derivative [Line Items]
Volume	13,600
Electricity (in MWH) [Member] | First quarter 2023
Derivative [Line Items]
Volume	22,736
Electricity (in MWH) [Member] | Second quarter 2023
Derivative [Line Items]
Volume	26,496
Electricity (in MWH) [Member] | Third quarter 2023
Derivative [Line Items]
Volume	30,528
Electricity (in MWH) [Member] | Fourth quarter 2023
Derivative [Line Items]
Volume	29,232
Electricity (in MWH) [Member] | First quarter 2024
Derivative [Line Items]
Volume	1,360
Electricity (in MWH) [Member] | Second quarter 2024
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Third quarter of 2024
Derivative [Line Items]
Volume	13,520
Electricity (in MWH) [Member] | Fourth quarter of 2024
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | First quarter of 2025
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Second quarter of 2025
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Third quarter of 2025
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Fourth quarter of 2025
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | First quarter of 2026
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Second quarter of 2026
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Third quarter of 2026
Derivative [Line Items]
Volume	3,520
Gas (in Dth) [Member] | Fourth quarter 2022
Derivative [Line Items]
Volume	454,600
Gas (in Dth) [Member] | First quarter 2023
Derivative [Line Items]
Volume	691,990
Gas (in Dth) [Member] | Second quarter 2023
Derivative [Line Items]
Volume	175,250
Gas (in Dth) [Member] | Third quarter 2023
Derivative [Line Items]
Volume	131,250
Gas (in Dth) [Member] | Fourth quarter 2023
Derivative [Line Items]
Volume	602,200
Gas (in Dth) [Member] | First quarter 2024
Derivative [Line Items]
Volume	841,300
Gas (in Dth) [Member] | Second quarter 2024
Derivative [Line Items]
Volume	107,250
Gas (in Dth) [Member] | Third quarter of 2024
Derivative [Line Items]
Volume	70,950
Gas (in Dth) [Member] | Fourth quarter of 2024
Derivative [Line Items]
Volume	71,400
Gas (in Dth) [Member] | First quarter of 2025
Derivative [Line Items]
Volume	299,750
Gas (in Dth) [Member] | Second quarter of 2025
Derivative [Line Items]
Volume	269,100
Gas (in Dth) [Member] | Third quarter of 2025
Derivative [Line Items]
Volume	236,250
Gas (in Dth) [Member] | Fourth quarter of 2025
Derivative [Line Items]
Volume	230,000
Gas (in Dth) [Member] | First quarter of 2026
Derivative [Line Items]
Volume
Gas (in Dth) [Member] | Second quarter of 2026
Derivative [Line Items]
Volume
Gas (in Dth) [Member] | Third quarter of 2026
Derivative [Line Items]
Volume

Derivative Instruments (Detai_2

Derivative Instruments (Details 1) - Energy contracts and options [Member] - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Asset Derivatives not designated or not qualifying as hedging instruments		$ 7,607	$ 1,623
Liability Derivatives not designated or not qualifying as hedging instruments		1,217	684
Other current assets [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Asset Derivatives not designated or not qualifying as hedging instruments	[1]	5,700	924
Other assets [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Asset Derivatives not designated or not qualifying as hedging instruments		1,907	699
Other current liabilities [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Liability Derivatives not designated or not qualifying as hedging instruments	[1]	656	520
Other liabilities [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Liability Derivatives not designated or not qualifying as hedging instruments		$ 561	$ 164
[1] The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 .

Derivative Instruments (Detai_3

Derivative Instruments (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Energy contracts and options [Member] | Cost of revenues [Member]
Effects of derivative instruments on the consolidated statements of operations
Amount of Gain (Loss) Recognized on Derivatives	$ 35,011	$ 13,795	$ 102,060	$ 32,845

Other Assets (Details 1)

Other Assets (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Other Current Assets [Abstract]
Security deposits	$ 1,556	$ 1,656
Right-of-use assets, net of amortization Security deposits	1,907	699
Fair value of derivative contracts-noncurrent	5,085	4,867
Notes receivables	1,505	115
Other assets	2,922	1,880
Total other assets	$ 12,975	$ 9,217

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 9,998
Additions/deductions during the period
Ending balance	9,998
GRE [Member]
Goodwill [Roll Forward]
Additions/deductions during the period
Ending balance	9,998
Genie Renewables [Member]
Goodwill [Roll Forward]
Additions/deductions during the period
Ending balance

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,089	$ 5,089
Accumulated Amortization	(1,857)	(1,559)
Net Balance	$ 3,232	$ 3,530
Patents and trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period	18 years 1 month 6 days	18 years 1 month 6 days
Gross Carrying Amount	$ 3,510	$ 3,510
Accumulated Amortization	(1,098)	(926)
Net Balance	$ 2,412	$ 2,584
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years	9 years
Gross Carrying Amount	$ 1,100	$ 1,100
Accumulated Amortization	(621)	(530)
Net Balance	$ 479	$ 570
Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period	10 years	10 years
Gross Carrying Amount	$ 479	$ 479
Accumulated Amortization	(138)	(103)
Net Balance	$ 341	$ 376

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill And Other Intangible Assets (Textual)
Amortization expense of intangible assets	$ 0.1	$ 0.9	$ 0.3	$ 0.3
Amortization expense of finite lives intangible assets, remainder of 2022	0.1		0.1
Amortization expense of finite lives intangible assets, 2023	0.4		0.4
Amortization expense of finite lives intangible assets, 2024	0.4		0.4
Amortization expense of finite lives intangible assets, 2025	0.4		0.4
Amortization expense of finite lives intangible assets, 2026	0.3		0.3
Amortization expense of finite lives intangible assets, 2027	$ 1.7		$ 1.7

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accrued Expenses and Other Liabilities [Abstract]
Renewable energy	$ 24,345	$ 23,247
Liability to customers related to promotions and retention incentives	9,031	9,036
Payroll and employee benefit	5,430	3,297
Other accrued expenses	2,997	2,425
Total accrued expenses	$ 41,803	$ 38,005

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
ROU Assets	$ 1,556	$ 1,656
Current portion of operating lease liabilities	249	229
Noncurrent portion of operating lease liabilities	1,385	1,495
Total	$ 1,634	$ 1,724

Leases (Details 1)

Leases (Details 1) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating activities	$ 551	$ 380
ROU assets obtained in the exchange for lease liabilities
Operating leases

Leases (Details 2)

Leases (Details 2) $ in Thousands	Sep. 30, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 160
2023	352
2024	319
2025	245
2026	239
Thereafter	832
Total future lease payments	2,147
Less imputed interest	(513)
Total operating lease liabilities	$ 1,634

Leases (Details Textual)

Leases (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Weighted average remaining lease term	6 years 4 months 24 days		6 years 4 months 24 days
Weighted average discount rate	6.20%		6.20%
Operating leases, rent expense	$ 100	$ 100	$ 400	$ 600

Equity (Details)

Equity (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares
Class of Stock [Line Items]
Dividend Per Share | $ / shares	$ 0.075
February 7, 2022 [Member]
Class of Stock [Line Items]
Aggregate Dividend Amount	$ 1,934
May 3, 2022 [Member]
Class of Stock [Line Items]
Aggregate Dividend Amount	$ 1,964
Series 2012-A Preferred Stock (Preferred Stock) [Member] | January 14, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	Jan. 14, 2022
Dividend Per Share | $ / shares	$ 0.1594
Aggregate Dividend Amount	$ 370
Record Date	Feb. 07, 2022
Payment Date	Feb. 15, 2022
Series 2012-A Preferred Stock (Preferred Stock) [Member] | April 14, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	Apr. 14, 2022
Dividend Per Share | $ / shares	$ 0.1594
Aggregate Dividend Amount	$ 370
Record Date	May 06, 2022
Payment Date	May 16, 2022
Series 2012-A Preferred Stock (Preferred Stock) [Member] | May 12, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	May 12, 2022
Dividend Per Share | $ / shares	$ 0.1296
Aggregate Dividend Amount	$ 31
Record Date	May 12, 2022
Payment Date	Jun. 13, 2022
Series 2012-A Preferred Stock (Preferred Stock) [Member] | July 14, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	Jul. 14, 2022
Dividend Per Share | $ / shares	$ 0.1594
Aggregate Dividend Amount	$ 333
Record Date	Aug. 08, 2022
Payment Date	Aug. 15, 2022
Class A Common Stock and Class B Common Stock [Member] | February 7, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	Feb. 07, 2022
Record Date	Feb. 22, 2022
Payment Date	Mar. 01, 2022
Class A Common Stock and Class B Common Stock [Member] | May 3, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	May 03, 2022
Record Date	May 20, 2022
Payment Date	May 31, 2022
Class A Common Stock and Class B Common Stock [Member] | August 3, 2022 [Member]
Class of Stock [Line Items]
Declaration Date	Aug. 03, 2022
Dividend Per Share | $ / shares	$ 0.075
Aggregate Dividend Amount	$ 1,892
Record Date	Aug. 18, 2022
Payment Date	Aug. 26, 2022

Equity (Details Textual)

Equity (Details Textual) - USD ($)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Oct. 13, 2022

Jul. 14, 2022

Jun. 12, 2018

Jun. 08, 2018

May 31, 2022

Dec. 31, 2021

Oct. 31, 2021

Sep. 30, 2021

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Oct. 31, 2022

Feb. 28, 2022

Feb. 07, 2022

Mar. 08, 2021

Mar. 11, 2013

Equity (Textual)

Preferred stock dividend rate

$ 0.1227

$ 0.3495

Preferred stock, dividends per share

$ 0.1594

Remaining number of shares available for repurchase

4,700,000

4,700,000

Dividends on preferred stock

$ 454,000

$ 624,000

$ 370,000

$ 370,000

$ 370,000

$ 370,000

Dividends declared per common share

$ 0.075

$ 0.075

$ 0.075

Common stock dividends declared

$ 0.075

$ 0.075

Number of common stock shares issued

72,657

Warrants exercise price per share

$ 136,987

Stockholders grant of options purchase

Unrecognized compensation cost

$ 4,100

$ 4,100

Weighted-average period

1 year 7 months 6 days

Deferred stock units granted

290,000

Treasury stock outstanding

2,700,000

2,000,000

Treasury stock cost

$ 18,900,000

$ 14,100,000

Weighted average cost per share

$ 7.01

Dividends on common stock

$ 0.075

$ 0.225

Cash dividend paid

$ 0.075

$ 0.075

$ 0.075

Common stock warrants exercised

209,644

Redemption of preferred stock

$ 1,000,000

$ 2,000,000

Board of Directors Chairman [Member]

Equity (Textual)

Preferred stock, liquidation preference per share

$ 8.5

Preferred Stock, Liquidation Preference, Value

$ 1,000,000

Preferred stock dividend redeemable

2,000

Dividend Paid [Member]

Equity (Textual)

Preferred stock dividend rate

$ 0.0848

Dividends on preferred stock

$ 200,000

Stock Repurchase Program [Member]

Equity (Textual)

Redemption of preferred stock, shares

117,647

352,941

Redemption of preferred stock

1,000,000

$ 3,000,000

GRE [Member]

Equity (Textual)

Dividends on preferred stock

$ 100,000

$ 300,000

Subsequent Event [Member]

Equity (Textual)

Price per share

$ 8.5

Preferred Stock [Member]

Equity (Textual)

Dividends on preferred stock

Paid date of declared dividend

Nov. 15, 2022

Record date of declared dividend

Nov. 08, 2022

Stock option and incentive plan to reserve

Stockholders grant of options purchase

Redemption of preferred stock, shares

(117)

(235,000)

Redemption of preferred stock

$ 1,000,000

$ 2,000,000

Class A common stock [Member] | Common Stock

Equity (Textual)

Dividends on preferred stock

Stock option and incentive plan to reserve

Stockholders grant of options purchase

Redemption of preferred stock, shares

Redemption of preferred stock

Class B common stock [Member]

Equity (Textual)

Number of stock authorized to be repurchased

7,000,000

Expiration date of the option

Jun. 30, 2023

Number of common stock shares issued

36,591

218,862

Warrants to purchase shares

1,048,218

1,048,218

Warrants exercise price per share

$ 4.77

$ 4.77

Percenatge of vested interest

0.20%

4.30%

Class B common stock [Member] | 2021 Plan

Equity (Textual)

Maximum number of shares reserved for the grant of awards

1,000,000

Class B common stock [Member] | Stock Repurchase Program [Member]

Equity (Textual)

Number of shares repurchased, shares

230,000

639,393

623,000

Aggregate amount of shares under stock purchase program

$ 1,400,000

$ 4,400,000

$ 3,800,000

Class B common stock [Member] | Howard S. Jonas [Member]

Equity (Textual)

Expiration date of the option

Jun. 30, 2023

Warrants to purchase shares

1,048,218

Warrants exercise price per share

$ 4.77

Amount of warrants aggregate exercise price

$ 5,000,000

Class B common stock [Member] | Investor [Member]

Equity (Textual)

Amount of aggregate sales price

$ 1,000,000

Warrants to purchase shares

209,644

Warrants exercise price per share

$ 4.77

Amount of warrants aggregate exercise price

$ 1,000,000

Class B common stock [Member] | Common Stock

Equity (Textual)

Dividends on preferred stock

Stock option and incentive plan to reserve

20,000

Stockholders grant of options purchase

290

9,000

248,000

121,000

Redemption of preferred stock, shares

Redemption of preferred stock

Class A Common Stock and Class B Common Stock [Member]

Equity (Textual)

Dividends on common stock

$ 75,000

Variable Interest Entity (Detai

Variable Interest Entity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Variable Interest Entity [Abstract]
Net loss	$ 336	$ 445	$ 700	$ (818)
Aggregate funding provided by the Company, net	$ 191	$ 393	$ 268	$ (921)

Variable Interest Entity (Det_2

Variable Interest Entity (Details 1) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	$ 259,856	$ 229,465
CCE [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	1,437	1,829
Total liabilities and noncontrolling interests	1,437	1,829
CCE [Member] | Cash, cash equivalents and restricted cash [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	256	559
CCE [Member] | Trade accounts receivable [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	349	544
CCE [Member] | Prepaid expenses and other current assets [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	473	367
CCE [Member] | Other assets [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	359	359
CCE [Member] | Current liabilities [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total liabilities and noncontrolling interests	586	547
CCE [Member] | Due to IDT Energy [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total liabilities and noncontrolling interests	5,936	5,668
CCE [Member] | Noncontrolling interests [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total liabilities and noncontrolling interests	$ 5,085	$ (4,386)

Variable Interest Entity (Det_3

Variable Interest Entity (Details Textual) - CCE [Member] $ in Millions	1 Months Ended
	Oct. 31, 2015 USD ($)
Variable Interest Entity (Textual)
Percentage of option to purchase	100%
Forgiveness of loan	$ 0.5
Expiration date of the option	Oct. 22, 2023

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Taxes (Textual)
Reported tax rate	27.10%	28.90%	27.60%	29.30%

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Taxes [Abstract]
Reported tax rate	27.10%	28.90%	27.60%	29.30%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings (Loss) Per Share [Abstract]
Basic weighted-average number of shares	25,233	25,514	25,623	25,867
Effect of dilutive securities:
Stock options and warrants	695		508
Non-vested restricted Class B common stock	277		130
Diluted weighted-average number of shares	26,205	25,514	26,261	25,867

Earnings Per Share (Details 1)

Earnings Per Share (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options		665	126	731
Non-vested restricted Class B common stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options		27		33
Non-vested Deferred Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	290	610	290	610

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Due to IDT [Member]
Summary of related party transactions
Amount charged the Company	$ 276	$ 247	$ 1,075	$ 766
Amount the Company charged IDT	34	33	101	105
Rafael [Member]
Summary of related party transactions
Amount charged the Company	$ 39	$ 57	$ 154	$ 170

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Due to IDT [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 169	$ 551
Due from related parties		$ 19
Due from IDT [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 34

Related Party Transactions (D_3

Related Party Transactions (Details Textual) $ / shares in Units, $ in Thousands, ₪ in Millions

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 07, 2020 USD ($) $ / shares shares

May 31, 2022 $ / shares shares

Oct. 31, 2021 shares

Sep. 30, 2021 shares

Aug. 31, 2018 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Mar. 31, 2021 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Dec. 31, 2021 USD ($)

Sep. 30, 2022 ILS (₪) shares

Sep. 30, 2022 USD ($) $ / shares shares

Jun. 30, 2022 USD ($)

Feb. 21, 2022 ILS (₪)

May 31, 2021 USD ($)

Oct. 08, 2020

Mar. 31, 2020

Aug. 31, 2019 ILS (₪)

Aug. 31, 2019 USD ($)

Aug. 12, 2019 ILS (₪)

Aug. 12, 2019 USD ($)

Sep. 30, 2018

Related Party Transactions (Textual)

Number of common stock shares issued | shares

72,657

Warrants exercise price per share | $ / shares

$ 136,987

Unrealized gain on investment

$ 57

$ (5,312)

$ (742)

$ 1,710

Carrying value of investments in the common stock

$ 13,200

Outstanding balance

$ 100

New note payment terms, description

December 31, 2020 to December 2052.

Accrued interest

100

Equity in the net loss

(91)

215

Outstanding balance of Credit Facility

Balance of loan receivable

(91)

215

Class B common stock [Member]

Related Party Transactions (Textual)

Number of common stock shares issued | shares

36,591

218,862

Warrants to purchase shares | shares

1,048,218

1,048,218

Warrants exercise price per share | $ / shares

$ 4.77

Other Investments [Member]

Related Party Transactions (Textual)

Percentage of ownership

77%

37.50%

Rafael [Member]

Related Party Transactions (Textual)

Unrealized gain on investment

$ 5,300

900

$ 1,100

Rafael [Member] | Class B common stock [Member]

Related Party Transactions (Textual)

Fair value of common stock

$ 5,000

Number of common stock shares issued | shares

218,245

Warrants to purchase shares | shares

43,649

Warrants exercise price per share | $ / shares

$ 22.91

Warrants expiry date

Jun. 06, 2022

Amount of warrants aggregate exercise price

$ 1,000

Carrying value of investments in the common stock

$ 500

IGM Brokerage Corp. [Member]

Related Party Transactions (Textual)

Payment of insurance premium

$ 300

Outstanding payable

$ 0

Atid 613 [Member]

Related Party Transactions (Textual)

Outstanding balance

$ 200

Equity in the net loss

Carrying value of investment in equity method investees

$ 100

$ 100

Maximum principal amount on working capital financing

400

Agreed to loan amount

1,400

$ 5,100

Commitment to loan amount

$ 500

₪ 1.9

Additional loan amount

₪ 0.8

$ 200

Annual interest rate

5.50%

5.50%

0%

Balance of loan receivable

Ohayon Loan [Member]

Related Party Transactions (Textual)

Outstanding balance

₪ 5.5

$ 1,500

Annual interest rate

3.23%

3.23%

Debt Instrument, Face Amount

$ 1,500

₪ 5.5

Maturity date

Dec. 31, 2023

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating results for the business segments
Revenues	$ 81,285	$ 87,655	$ 234,150	$ 254,060
Income (loss) from operations	23,538	17,463	62,272	18,280
Depreciation and amortization	96	102	289	343
Stock-based compensation	713	487	2,232	1,564
Provision for (benefit from) income taxes	6,482	3,498	16,791	7,149
Income (Loss) from Equity Method Investments			(91)	215
GRE [Member]
Operating results for the business segments
Revenues	79,917	86,317	226,961	243,960
Income (loss) from operations	27,415	19,714	72,004	26,427
Depreciation and amortization	83	90	253	295
Stock-based compensation	238	155	714	503
Provision for (benefit from) income taxes	7,008	3,481	18,546	6,930
Genie Renewables [Member]
Operating results for the business segments
Revenues	1,368	1,338	7,189	6,170
Income (loss) from operations	(1,503)	(203)	(2,500)	690
Depreciation and amortization	13	12	35	34
Stock-based compensation
Provision for (benefit from) income taxes				128
Corporate [Member]
Operating results for the business segments
Revenues				3,930
Income (loss) from operations	(2,374)	(2,048)	(7,232)	8,837
Depreciation and amortization			1	14
Stock-based compensation	475	332	1,518	1,061
Provision for (benefit from) income taxes	$ (526)	$ 17	$ (1,755)	$ 91

Business Segment Information _2

Business Segment Information (Details 1) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 259,856	$ 229,465
GRE [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	172,931	174,442
Genie Renewables [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,959	3,946
Corporate [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 78,966	$ 51,077

Business Segment Information _3

Business Segment Information (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)
Business Segment Information (Textual)
Number of reportable segments | Segment	2
Lumo Finland and Lumo Sweden [Member]
Business Segment Information (Textual)
Aggregate net assets | $	$ 62.7	$ 34.4

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Commitments and Contingencies [Abstract]
Remainder of 2022	$ 29,463
2023	75,871
2024	24,670
2025	3,934
2026
Thereafter
Total payments	$ 133,938

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual) $ in Thousands, € in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Aug. 31, 2022 EUR (€)	Aug. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Mar. 12, 2021 USD ($)
Commitments and Contingencies (Textual)
Variable rate customers to a third party						€ 1.9	$ 2,000
Gross revenue	$ 8,200		$ 22,600
Future purchase commitments	133,938		133,938
Aggregate performance bond outstanding	15,200		15,200
Future purchase commitments	133,800		133,800
Electricity [Member]
Commitments and Contingencies (Textual)
Future purchase commitments	103,700		103,700
Purchase of Electricity expenses	19,600	$ 10,700	34,300	$ 10,400
Renewable energy credits [Member]
Commitments and Contingencies (Textual)
Future purchase commitments	30,100		30,100
Purchase of renewable energy credit	4,200	$ 8,500	15,700	$ 16,400
BP [Member]
Commitments and Contingencies (Textual)
Trade accounts payable	46,800		46,800
Trade Accounts Receivable [Member]
Commitments and Contingencies (Textual)
Assets pledged as collateral to BP Energy	46,800		46,800
Restricted Cash [Member]
Commitments and Contingencies (Textual)
Assets pledged as collateral to BP Energy	400		400
State of Connecticut Public Utilities Regulatory Authority [Member] | Town Square [Member] | Settlement Agreement [Member]
Commitments and Contingencies (Textual)
Gross revenue	6,000		14,100
Accrued payables for customer complaints								$ 400
State of Connecticut Public Utilities Regulatory Authority [Member] | Residents Energy [Member] | Settlement Agreement [Member]
Commitments and Contingencies (Textual)
Gross revenue					$ 200
Accrued payables for customer complaints	300		$ 300
Loss Contingency, Penalty period for marketing activities			36 months
Settlement payment amount									$ 1,500
Office of the Attorney General of the State of Illinois [Member] | Residents Energy [Member] | Settlement Agreement [Member]
Commitments and Contingencies (Textual)
Settlement payment amount	0		$ 0
State of Maine Public Utility Commission [Member] | Town Square [Member] | Settlement Agreement [Member]
Commitments and Contingencies (Textual)
Gross revenue	$ 500		$ 1,300

Debt (Details)

Debt (Details)	May 13, 2020	Dec. 13, 2018
Line of Credit Facility [Line Items]
Credit facility, description	Genie Japan entered into a Loan Agreement with Tokyo Star Bank for a ¥150.0 million (equivalent to $1.4 million) short-term credit facility ("May 2020 Loan") with maturity date of November 13, 2020. On November 13, 2020, Genie Japan and Tokyo Star Bank amended the May 2020 Loan to extend the maturity date to May 13, 2021. Genie Japan provided a letter of credit issued by JPMorgan Chase in the amount of ¥150.0 million (equivalent to $1.4 million) as collateral. The outstanding principal amount incurred interest at 3.0% per annum and was payable monthly.	the Company entered into a Credit Agreement with JPMorgan Chase Bank (“Credit Agreement”). On December 23, 2021, the Company entered into the third amendment of its existing Credit Agreement to extend the maturity date to December 31, 2022. The Company continues to have the aggregate principal amount of $5.0 million credit line facility (“Credit Line”). The Company pays a commitment fee of 0.1% per annum on unused portion of the Credit Line as specified in the Credit Agreement. The borrowed amounts will be in the form of letters of credit which will bear interest of 1.0% per annum. The Company will also pay a fee for each letter of credit that is issued equal to the greater of $500 or 1.0% of the original maximum available amount of the letter of credit. The Company agreed to deposit cash in a money market account at JPMorgan Chase Bank as collateral for the line of credit equal to $5.1 million. As of, September 30, 2022, there are no letters of credit issued by JP Morgan Chase Bank. At September 30, 2022, the cash collateral of $5.2 million was included in restricted cash—short-term in the consolidated balance sheet.

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member] - USD ($) $ / shares in Units, $ in Millions	Nov. 15, 2022	Oct. 31, 2022
Subsequent Event [Line Items]
Redeem shares of outstanding preferred stock	986,400
Price per share		$ 8.5
Dividends accrued and unpaid		$ 8.4